The Future of Fixed Income – Janus Henderson – 10.12.23

Summary:

Not Available for On Demand

Bank loans in 2022. High-yield credit during the COVID recovery. Long-duration Treasuries in 2008.

With hindsight, it’s easy to know how to best position-tilt fixed income portfolios.

But opportunities today may sit in securitized sectors of the market, outside of traditional fixed income benchmarks. Listen to our U.S. Head of Portfolio Construction and Strategy and fixed income Portfolio Managers as they present a primer on the role of securitized assets as the Fed nears the end of its historic rate hiking cycle.

Speakers:

John Lloyd is Lead, Multi-Sector Credit Strategies at Janus Henderson Investors, a role he has held since 2022. Additionally, he is a portfolio manager and is responsible for creating the strategic framework, leading investment strategy, launching new products and bringing together ideas globally across the multi-sector credit franchise. John was head of global credit research from 2009, sharing this role since the firm’s merger and joined Janus as a research analyst in 2005. Prior to that, he worked as a private equity associate at H.I.G. Capital in Miami and at Willis Stein & Partners in Chicago. Earlier in his career, he was an investment banking analyst for Deutsche Bank.

John received his Bachelor of Arts degree in economics from the University of Michigan and his MBA from Dartmouth College, Tuck School of Business. He has 25 years of financial industry experience.

Nick Childs is a Portfolio Manager on the Securitised Credit Team at Janus Henderson Investors, a position he has held since 2018. He was a securitised products analyst for both US and global multi-sector fixed income portfolios at the firm from 2017 to 2022. Prior to joining Janus, Nick was a portfolio manager at Proprietary Capital, LLC from 2012 to 2016 where he managed alternative fixed income strategies specialising in MBS, absolute return investing. He also managed all major US interest rate and MBS risks, modelling borrower behaviour and MBS deal structure, and advancing market-neutral hedging strategies.  Before that, he was vice president at Barclays Capital in capital markets, where he focused on securitised products from 2007. Earlier, he was vice president at Lehman Brothers. He began his career at State Street Global Advisors in 2003.

Nick received his bachelor of science degree in finance with a minor in economics from the University of Denver. He holds the Chartered Financial Analyst designation and has 20 years of financial industry experience.

Jessica Shill is a Portfolio Manager on the Securitised Credit Team at Janus Henderson Investors. Additionally, she is a Securitised Products Analyst with a focus on CLOs. Jessica became portfolio manager in 2023, was an associate portfolio manager from 2020, and has held the analyst position since joining the firm in 2019. Prior to this, she was an intern and an analyst for the Wells Fargo Investment Portfolio. Jessica received her Bachelor of Arts degree in economics from Bryn Mawr College, where she graduated cum laude. She has 6 years of financial industry experience.

Lara Castleton is US Head of Portfolio Construction and Strategy (PCS) at Janus Henderson Investors, a position she has held since 2023. In this role, she works to extend institutional and intermediary client engagement models to clients across the US. Lara joined the PCS team in 2019 as a portfolio strategist and was promoted to senior portfolio strategist in 2021. Lara joined the firm as a senior internal sales consultant for all Janus Henderson-related products and the Knowledge Labs® curriculum in 2016. Earlier in her career, she was an investment banking associate at Wells Fargo Securities and Piper Jaffray in Denver. Lara received her Bachelor of Arts degree in mathematics from Boston College, graduating magna cum laude. She holds the Chartered Financial Analyst designation and has 10 years of financial industry experience.