Market storm does not distress Pimco's Bridwell

For Jennifer Bridwell, Pimco’s head of alternative products, managing a portfolio of distressed mortgage-backed securities (MBS) is much like protecting family treasures in a storm cellar. The assets are locked up until the weather improves and their potential value can be realised.  With a strong conviction that structured credits will regain their value, her team has been snapping them up even before the onset of the global financial crisis in 2008.  “We believe most mortgage-…