PIMCO Alternative Credit and Private Strategies

Top target that struck out in IB recruiting for SA 2022 although still looking at the remaining firms in contention (landed multiple SDs at top firms but got cut). Randomly came across this and realized how amazing the role is but have no idea what it would require knowing. Most likely won't get anything but would love some direction as to what I would need to study as it sounds interesting. Also, is the cover letter actually important and something you need to submit (I'm used to IBANKS not caring)? Thanks. 

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