AJ is a Senior Managing Director and Head of Fixed Income Investors and Portfolio Manager of the MainStay Short Term Bond Fund, MainStay Balanced Fund, MainStay Money Market Fund and MainStay U.S. Government Liquidity Portfolio. He oversees fixed-income investments, including government and mortgage-backed securities, investment-grade corporate bonds, high-yield bonds, leveraged loans and asset-backed securities. He leads a seasoned team of investment professionals who manage fixed-income portfolios for both New York Life’s General Account and third-party accounts.
AJ joined the firm in 2000, previously serving as Head of the Investment Grade Credit team where he oversaw all investment activity related to the public investment-grade asset class. Previously, he held investment related positions at MetLife, Lehman Brothers and PaineWebber. He has worked in the financial services industry since 1988.
AJ earned a B.S. in Biology and an M.B.A from Cornell University.
Chartered Financial Analyst
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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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