Date: June 9, 2022
Time: 1:00 PM EDT
Duration: 1 hour
About This Event
With many forces pulling on the fixed income space – including the Fed’s recent rate hike and the start of their quantitative tightening program – extreme volatility and uncertainty have persisted. Coupled with ongoing debates around whether interest rate hawkishness has finally peaked, investors are left to wonder how their portfolios will be impacted. Against such an uncertain backdrop, seasoned experts across New York Life Investments will share their perspectives on the implications for fixed income and how to ultimately find resilience in today’s markets.
TOPICS TO BE DISCUSSED
- What does an actively rising rate environment mean for floating rate bonds?
- Macro factors and their impact on the riskiness of the higher rate environment
- Macroeconomic/governmental developments and their implications for municipal bonds
- Where can investors find resilience in the fixed income space?
Accepted for one hour of CFP®, CFA® & CIMA®, CIMC® or CPWA® CE Credit for webcast attendees.
SPEAKERS
Michael joined MacKay Shields in 2019. Before joining the firm he was an institutional municipal credit trader at Bank of America Merrill Lynch with a primary focus on taxable and healthcare securities. Prior to trading credit, he was a high grade municipal trader. Michael earned a Bachelor’s degree in Economics from Johns Hopkins University in 2014 and an MBA from the University of North Carolina Kenan-Flagler Business School in 2022. He is a CFA Charterholder. He has been in the financial services industry since 2014.
Chartered Financial Analyst (CFA)
Nate Hudson is a Managing Director on the High Yield Team, where he follows the automotive and services sectors. Prior to joining MacKay Shields in 2008, he was a Senior Analyst of High Yield Credit in Strategic Capital’s (White Ridge Advisors) proprietary investment group at Banc of America Securities. Previously, he was a sell-side High Yield Analyst at Banc of America Securities and a High Yield Credit Analyst at Nomura Corporate Research & Asset Management (NCRAM).
Nate received a BA from Yale University and is a CFA Charterholder. He has been working in the investment industry since 1991.
Arthur joined New York Life Investments in 2006 and oversees the investment activity related of all non-investment grade assets for NYL Investors including floating rate loans and high-yield bonds. He is also a portfolio manager on all floating rate loan mandates including retail mutual funds, institutional accounts and CLOs. He has served as a portfolio manager of the MainStay Floating Rate Fund and MainStay VP Floating Rate Portfolio since 2012.
Prior to joining New York Life Investments, Arthur was a portfolio manager and investment analyst for Carlyle High-Yield Partners. He was also a corporate relationship manager for Fleet Securities, as well as corporate banker with Credit Agricole/Indosuez and ABN-AMRO Bank.
Arthur received a B.S.B.A. from the University of Denver. He has 29 years of investment experience.
Lauren, an Economist and Director of Portfolio Strategy at New York Life Investments, was named a 2020 Business Insider Rising Star of Wall Street.* Her Multi-Asset Solutions team manages a combined $8.4B in assets (as of 9/30/22), including MainStay’s Income Builder Fund, Asset Allocation ETFs, and bespoke investment solutions.
Lauren’s work focuses on mapping global macro and capital markets trends to asset management strategy. She is responsible for economic and market research, asset allocation, and thought leadership, providing regular insights through multi-media coverage and as host of the firm’s economic and market podcast, Market Matters. Lauren regularly represents firm at conferences and as spokesperson in television and print media outlets such as: Bloomberg, CNBC, the New York Times, Nikkei and Barron’s.
Lauren authored the CFA Institute’s curriculum on Geopolitical Risk (“Introduction to Geopolitical Risk”).
Prior to joining the firm, Lauren held economist positions at JPMorgan, Wells Fargo, Frontier Strategy Group, and the OECD. She is a CFA Charterholder, graduated summa cum laude from the University of Southern California and holds a master’s degree in international economics from Johns Hopkins.
* For methodology and criteria on the Rising Stars selection process and award, please see: https://www.businessinsider.com/business-insider-seeking-nominations-rising-stars-of-wall-street-2020-7
All investments are subject to market risk, including possible loss of principal. Diversification cannot assure a profit or protect against loss in a declining market.
Please ask your clients to consider the investment objectives, risks, charges, and expenses of the investment company carefully before investing. The prospectus or summary prospectus contains this and other information about the fund and can be obtained by contacting you, the financial professional. Instruct your clients to read the prospectus or summary prospectus carefully before investing. New York Life Investment Management LLC engages the services of federally registered advisors. MacKay Shields LLC and NYL Investors are New York Life Investments Company’s. MacKay Municipal Managers is a trademark of MacKay Shields LLC.
“New York Life Investments” is both a service mark, and the common trade name, of certain investment advisors affiliated with New York Life Insurance Company. Securities are distributed by NYLIFE Distributors LLC, 30 Hudson Street, Jersey City, NJ 07302, a wholly owned subsidiary of New York Life Insurance Company. NYLIFE Distributors LLC is a Member FINRA/SIPC.
FOR REGISTERED REPRESENTATIVE USE ONLY. NOT TO BE USED WITH THE GENERAL PUBLIC.
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