Andrew Susser
Executive Managing Director, Head of High Yield
Andrew Susser

Andrew is an Executive Managing Director and Head of High Yield at MacKay Shields, responsible for the group’s implementation of its investment process. He is a Portfolio Manager of the NYLI MacKay High Yield funds.

Andrew joined the firm in 2006 as a portfolio manager on the High Yield team. Previously, he was a Portfolio Manager at GoldenTree Asset Management and Managing Director and Head of High Yield Bond Research at Banc of America Securities. He was also an analyst at Salomon Brothers, Moody’s Investors Service and Merrill Lynch Capital Markets. He began his career in 1992 as a Corporate Finance and M&A Attorney at Shearman & Sterling in their New York office and has worked in the financial services industry since 1986.

Andrew earned a B.A. from Vassar College, an M.B.A. from the Wharton Graduate School of Business and a J.D. from the University of Pennsylvania Law School.

Recognitions

Institutional Investor All-America Fixed Income Research Team (1999-2004)

Ranked by Institutional Investor as the No. 1 analyst in the high yield sector (2002-2004).

   

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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