Bob Friend is a Managing Director and Sector Specialist for the Distressed Debt strategy at PAAMCO. Bob is responsible for manager selection and portfolio construction within the strategy. He is also co-portfolio manager of Prisma Apex Credit, a co-invest strategy that focuses on direct investment in less liquid credit opportunities. Prior to PAAMCO, Bob worked at Bayview Asset Management, a Blackstone affiliate, with responsibility for a portfolio of stressed residential mortgages. Prior to Bayview, he was Vice President at Plainfield Asset Management where he was responsible for $800 million in distressed and special situation credit. Bob has held CIO positions at Recon Capital and UBK Asset Management, which specialize in high yield, distressed and capital structure arbitrage within the Merton Model Framework. Bob has worked with PAAMCO’s founders at a predecessor fund of funds where he was responsible for manager due diligence. His early career was spent on Wall Street as a proprietary derivatives trader with Goldman Sachs, Merrill and NatWest. Bob has more than 30 years of investment and capital markets experience including 15 years managing credit portfolios. Bob holds an MBA from the University of California, Los Angeles and a BA with honors from the University of Virginia.