Gershon Distenfeld is Senior Vice President and Co-Head of Fixed Income at AllianceBernstein. In this role, he is responsible for the management and strategic growth of AB’s fixed-income business. With 22 years of experience in the markets, Distenfeld has published a number of papers, including one on high-yield bonds being ideal substitutes for equities and another on the often-misunderstood disparities between loans and high-yield bonds.