Matt is a Managing Director and Senior Portfolio Manager for the Global Fixed Income team at MacKay Shields. He is a Portfolio Manager of the MainStay MacKay income funds and focuses on global high yield strategies. He is a member of the Credit Committee and Investment Policy Committee. He is responsible for research coverage in transportation, aerospace and defense.
Matt joined the firm in 2011 as a Portfolio Analyst in the Global Fixed Income team. Previously, he was an Equity Sector Leader/Analyst at KDI Capital Partners where he led the firm’s fundamental research efforts in the core consumer sector. He also worked at Buckingham Research Group and Johnson Rice & Company, LLC, where he gained extensive experience in equity sales and research. He has worked in the financial services industry since 2002.
Matt earned a B.S. in Finance with a specialization in Internal Audit from Louisiana State University and an M.B.A. with a concentration in Finance from the Freeman School of Business of Tulane University.
Products Managed
Performance data quoted represents past performance. Past performance is no guarantee of future results. Due to market volatility, current performance may be less or higher than the figures shown. Investment return and principal value will fluctuate so that upon redemption, shares may be worth more or less than their original cost. Performance figures for all Funds reflect contractual waivers and/or expense limitations, without which total returns may have been lower. These limitations may be modified or terminated only with Board approval.
The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance (this does not include the effects of sales charges, loads, and redemption fees). The top 10% of products in each product category receive 5stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.
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