High Yield Positioning in the Current Environment – MainStay – 5.17.17

Summary:

Now On Demand.

Please join MainStay and fixed-income leader MacKay Shields for an outlook on high yield in today’s environment.

• The state of fixed-income and the high yield market.
• The strategic long-term case for high yield.
• Playing defense in high yield – tactical opportunities to shorten duration and lower volatility.

Speakers:

Jae Yoon is the Chief Investment Officer (CIO) of New York Life Investment Management (NYLIM). He is responsible for the ongoing evaluation of the investment performance of the strategies managed by NYLIM’s boutiques and affiliate portfolio teams. Additionally, Jae serves as the Chairman of the Investment Governance Committee and co-leads the Strategic Asset Allocation & Solutions (SAS) team which oversees the portfolio management of MainStay and third-party asset allocation strategies, including both retail and variable product risk-based funds and target date funds, enhanced return asset allocation funds, and asset allocation services for New York Life. SAS also performs economic analysis for New York Life.

Jae earned a BS in Electrical Engineering and a Masters in Operations Research at Cornell University.

Eric Gold is a Managing Director and Portfolio Manager/Research Analyst for the High Yield Team, where he helps manage high yield bond investments and follows the cable TV, broadcasting, technology and telecommunications sectors. Prior to joining MacKay Shields in 2010, he was a sell-side Analyst covering the telecommunications, cable and media sectors at Sterne Agee & Leach, Inc. Previously, he was an Analyst at BlackRock and a sell-side Analyst at Grantchester Securities where he was ranked by Institutional Investor as the #1 analyst in the wireless telecommunications sector for 1999, 2000, 2001 and 2002.

Eric received a BA from Vassar College and an MBA from New York University.

As head of portfolio strategy at New York Life’s MainStay Investments, Charlie Reinhard leads investment thought leadership and portfolio construction efforts across MainStay mutual funds and IndexIQ ETFs. A frequent contributor to financial broadcast and print media outlets, Charlie’s insights appear alongside those of New York Life’s independent investment boutiques in MainStay’s Quarterly Navigator, the MainStay Market Minute, and the MainStay Market Monitor.

Charlie holds a BS degree in Economics from Carnegie Mellon University where he graduated with high honors and an MBA in Finance from NYU’s Stern School of Business.