Prudential Short Duration High Yield funds add Cignarella as manager

By Tali Rackner

Norfolk, Va., March 5 - The Prudential Short Duration High Yield Fund, Inc. and Prudential Global Short Duration High Yield Fund, Inc. announced that Robert Cignarella, co-head of Prudential Fixed Income's global leveraged finance team, will join the high-yield team as a portfolio manager, according to a news release.

Cignarella joined Paul Appleby as co-head of global leveraged finance, which includes the U.S. and European high-yield bond and bank loan sector teams, in January. The global leveraged finance team is comprised of 13 portfolio managers, eight of which are high-yield and eight credit analysts.

His more than 20 years of experience in leveraged finance will be an invaluable addition to the team's investment management efforts, the release said.

Newark, N.J.-based Prudential Investments LLC is the investment manager for the funds.

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