Reimagining Fixed Income – The Opportunity in Preferred Securities – North Square Investments – 9.29.23

January 3, 2021

Overview:

Title: Reimagining Fixed Income – The Opportunity in Preferred Securities

Date: Friday, September 29, 2023

Time: 1:00 PM Eastern Daylight Time

Duration: 1 hour

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Summary:

Now On Demand

Preferred securities may offer a way to maximize yield, without taking on undo duration risk. We believe preferred securities’ yield relative to unit of duration, makes them a “sweet spot” given the current market environment. Red Cedar Investment Management, the subadvisor to the North Square Strategic Income (ADVNX/ADVAX) and Preferred and Income Securities (ORDNX) Funds, continues to feel from a carry and capital appreciation standpoint, the preferred security space has rarely been more attractive.

Potential Benefits of Adding Preferreds to a Fixed Income Allocation:

With concerns over inflation and rising rates, many investors are looking to non-traditional asset classes that have potential for…

Enhanced and diversified yield.
Improved total return.
Lower correlations to traditional asset classes.

Speakers:

John L. Cassady III, CFA Managing Partner, Chief Executive Officer and Chief Investment Officer Red Cedar Investment Management

John L. Cassady III is Managing Partner, Chief Executive Officer and Chief Investment Officer for Red Cedar Investment Management. He started in the industry in 1987 and joined Red Cedar in 2018. Prior to that, he was an investment professional for ClearArc Capital where he served in varying roles from 2001- 2018, including Director of Fixed Income and Senior Portfolio Manager. While at ClearArc Capital, Mr. Cassady managed Core Fixed Income, Core Plus Fixed Income, Asset Allocation and a multi-sector low correlation strategy. Before joining ClearArc Capital, he held a similar position at Lyon Street Asset Management, a subsidiary of Old Kent Bank, which was acquired by Fifth Third Bank (an affiliated company of ClearArc Capital). Previously, he was a fixed income Portfolio Manager at Atlantic Portfolio Analytics & Management (APAM) which has since been acquired by Semper Capital Management. He is a CFA^® charterholder and member of the CFA Society West Michigan. Mr. Cassady graduated from Georgia Institute of Technology with a B.S. in Industrial Management.

Brandon F. Bajema, CFA, CPA Senior Portfolio Manager Red Cedar Investment Management

Brandon F. Bajema is a Senior Portfolio Manager at Red Cedar Investment Management. He started in the industry in 2003 and joined Red Cedar in 2021. Previously, Mr. Bajema was a Portfolio Manager in the Fixed Income & Treasury Department with the Abu Dhabi Investment Authority (ADIA) where he managed a multi-currency global credit portfolio from the United Arab Emirates. Before joining (ADIA), Brandon was a Director at Fitch Ratings in the Financial Institutions Group where he covered banks, asset managers and finance companies. Prior to that, he was an Audit Manager at BDO, USA where he focused on banks and insurance companies. Mr. Bajema is a CPA and a CFA^® charterholder. He has a B.S. in Economics and a Masters of Science in Accounting from Grand Valley State University.