OTC fixed income investing

Hi all,

Thoughts on OTC fixed income investing as a graduate position (think JPAM/GSAM)? The fund invests in a range of high yield and hybrid debt instruments (except for special sit./distressed). What kind of things could I expect to learn in this role? What kind of modelling is typically performed in this type of investing? What are the kind of exit opps I could expect?

Long-term interested in alternative asset investing - PE, RE, infra or private debt (~special sit). I am very attracted to the transactional side of private market investing.

I am very unfamiliar with fixed income investing so would appreciate any insight greatly.

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