High yield bonds: Trump tax and tactics – Deutsche Asset Management – 2.22.18

Summary:

The recent Tax Bill will likely affect many aspects of the market, including various segments of high yield bonds. These changes will have the potential to be positive for high yield investors, however, knowing what areas to look at is important.

Join Deutsche Asset Management for a discussion on:

• High yield bond market expectations
• Tax reform and its implications
• Liquidity, portfolio construction and benchmark tracking

Speakers:

Ty joined Deutsche Asset Management in 2006 with 25 years of industry experience. Prior to his current role, Ty was Co-Head of Active Asset Management within the Global Client Group and a Member of the Deutsche Asset & Wealth Management Global Client Group Executive Committee. Before that, he served as the CIO for DB Advisors in the Americas and as the Global Head and CIO of High Yield Strategies. Prior to joining, Ty worked as Head of Flagship Capital Management, a subsidiary of Bank of America, as a specialty asset manager focused on below-investment grade corporate credit investments. He has his AB from Dartmouth College.

Mr. Ladner serves as Head of Investment Management and is the Chair of the Investment Committee for Horizon. In these capacities, he oversees all aspects of the Investment Management division for the firm. He also provides the Investment Management division with Macro analysis and interpretation of global derivatives, credit, foreign exchange, equity, and funding markets. His previous roles at Horizon included Head of Risk and Director of Quantitative & Alternative Strategies.

Prior to Horizon, Mr. Ladner was a founder of Charlotte Global Advisors and Principal Guard, LLC. Mr. Ladner helped to launch an equity index volatility and dispersion trading unit at PEΔK6 Investments in Chicago, a proprietary listed option and volatility trading firm. Previously at First Union/Wachovia, Mr. Ladner founded and ran the equity swap and forwards portfolio while also managing equity option and volatility portfolios. He also co-founded and managed the Risk Arbitrage and Special Situations portfolio. Mr. Ladner then managed the notional swaption and cap/floor portion of the bank’s interest rate derivatives portfolio.

Mr. Ladner received his BA in Economics and Russian Language & Literature from the University of North Carolina at Chapel Hill.

Arne joined Deutsche Asset Management in 2007. Prior to his current role, Arne was the Head of Exchange Traded Product Development for EMEA based in London. Previously, he was a member of the ETF structuring team of db X-trackers. Before that, he provided non-listed structured funds solutions for both institutional and private client distribution throughout Europe. Arne has his BSc in Economics from Westfaelische Wilhelms-Universitaet Muenster.

Alissa joined Deutsche Asset Management in 2015 with 5 years of industry experience. Prior to joining, Alissa served as a specialist at Henderson Global Investors. Previously, she held a position as an ETF and SMA sales consultant for First Trust Portfolios. She has her BA in Business & Economics from Wheaton College.

Luke Oliver, Head of U.S. ETF Capital Markets for Deutsche X-trackers, is one of the founding members of the U.S. business, joining in 2009. In this capacity Luke has been a prominent member of the team that manages 40 exchange traded products and $14bn in assets under DBX Advisors, a Registered Investment Advisor. Mr. Oliver’s responsibilities have included portfolio management, product development and is now focused on running capital market liquidity for the growing U.S. business. Prior to joining the DBX business in 2009, Mr. Oliver worked in Deutsche Bank’s award winning Foreign Exchange business in both London and New York.