Consumer Crisis? The Dynamics Driving Housing, Consumers and the Cycle – Loomis Sayles – 10.2.24

Summary:

On Demand Soon

Consumers are feeling the squeeze, and house prices remain stubbornly high. Is the US economy headed for another crisis?

Join Tom Fahey, Co-Director of Macro Strategies, Global Macro Strategist Craig Burelle, and Portfolio Managers Ian Anderson and Jennifer Thomas as they dive into current housing and consumer trends, and what they mean for the credit cycle.

Speakers:

Tom Fahey is a co-director of macro strategies at Loomis, Sayles & Company. He analyzes global investment conditions, conducts macro-oriented research to determine relative value between countries, currencies and asset classes, and develops tools and processes to facilitate investment decisions. Tom has 29 years of investment industry experience and joined Loomis Sayles in 2010. Previously, he was a senior portfolio manager and global bond strategist at Standish Mellon Asset Management. Prior to joining Standish, Tom worked at The Bank Credit Analyst (BCA) Research Group as a foreign exchange strategist. He earned a BA from St. Francis Xavier University in Nova Scotia and an MA from Concordia University in Quebec.

Craig Burelle is a global macro strategist covering credit for the macro strategies group at Loomis, Sayles & Company. His other key areas of focus include corporate health, interest rates and equity strategy. Craig is also a member of the global asset allocation team and point of contact for investment teams across the firm. He joined Loomis Sayles in 2010 as a macro strategies associate. Craig earned a BS in finance and economics from the University of Massachusetts, Boston and a Master of Liberal Arts degree in finance from Harvard University.

Ian Anderson is the agency MBS strategist for the mortgage and structured finance team at Loomis, Sayles & Company where he is responsible for developing agency MBS research and relative value recommendations across all fixed income products. He is the lead portfolio manager for the dedicated agency MBS strategies and a co-agency MBS portfolio manager for the Loomis Sayles Core Plus Bond Fund.

Ian joined Loomis Sayles in 2011 from Fannie Mae, where he held several positions over his 11 year tenure. Most recently, he was a senior portfolio manager for Fannie Mae’s investment portfolio, developing and implementing relative value alpha strategies for the agency MBS, CMO, CMBS, reverser mortgage and hybrid sub-portfolios. Prior to this, Ian was responsible for agency CMO structured book, conducting hedging of assets and assisting researchers to develop accurate prepayment and term structure models. He began as a financial analyst and later became a senior securities analyst and assisted traders with inquiries into various model risk analytics and forecasts in various asset classes, helped design and implement a short horizon portfolio tracking system, compared internal model prepayment speeds and risk analytics, and designed and produced return attribution reports for the portfolio. Previously, Ian was a research analyst for the Federal Reserve Board of Governors, where he developed econometric and empirical models, worked with economists on producing empirical distribution of market expectations of probable Federal Reserve interest rate action.

Ian earned a BS in economics from the University of Chicago and an MS in finance from the George Washington University.

Jennifer Thomas is a co-portfolio manager on the mortgage and structured finance team at Loomis, Sayles & Company, where she co-manages the investment grade securitized credit and opportunistic securitized credit strategies. Prior to this role, she was a senior analyst, specializing in ABS with a focus on consumer ABS. Jennifer is responsible for generating relative value trade ideas to help enhance portfolios and achieve investment objectives, and collaborating on structured product-related initiatives with client services and marketing. In addition, she has also supported the credit and research efforts in CMBS. Jennifer joined Loomis Sayles in 2007 and has 23 years of investment industry experience.

Previously, Jennifer worked at Sun Capital Advisers, LLC where she began as an associate investment analyst and trading assistant on the mortgage backed securities and corporate bond trading desk, responsible for trading, compliance and ad-hoc portfolio management reporting, executing trades and maintaining portfolios, and assisting with detailed investigations for trade discrepancies or fails. Later she was a fixed income investment analyst responsible for performing analysis and trade recommendations for transportation, environmental services and provincial services sectors, and providing analysis and recommendations of high grade corporate bonds and agency MBS. Jennifer earned a BS from Bryant University and an MBA from Clark University.