Volatility and Rate Hike Concerns? Consider Senior Secured Loans – MassMutual – 4.7.22

Summary:

Now On Demand.

With the prospects of further rate hikes and volatility testing financial markets, senior secured loans are worth investor consideration for their potential to offer protection against both credit and interest rate risk. In this discussion, we will outline some of the notable characteristics of the broadly syndicated loan market and why this asset class is worth consideration in the current environment. Additionally, we will discuss why we believe that a global approach investing across the North American and European loan markets makes sense when investing in this asset class.

Speakers:

Thomas McDonnell is a member of Barings’ U.S. High Yield Investments Group and the U.S. High Yield Investment Committee. His responsibilities include portfolio management for a number of high yield total return portfolios, including global loan and global multi- strategy portfolios. He is also a portfolio manager for the firm’s high yield 1940 act retail funds. Thomas has worked in the industry since 1996 and his experience has encompassed leveraged loans, distressed credit and management of total return focused strategies. Prior to joining the firm in 2005, he was a Managing Director at Patriarch Partners, LLC, where he had active involvement with portfolio company management teams, crisis managers and attorneys to effectuate turn around and recovery plans. Before Patriarch, he worked at Bank of America in the Corporate Finance Group and at Bank One in various risk management and corporate finance positions, specializing in credit risk management and structuring of off balance sheet special purpose entities. Thomas holds a B.S. in Business Management, an M.B.A. in Accounting from the State University of New York at Buffalo, and is a Certified Public Accountant (inactive).

Tony Grigonis joined MassMutual Investments by way of the Barings mutual fund merger. While at Barings, Tony was part of the Global Business Development Group where he was responsible for managing some of the firm’s key distribution relationships. Tony started his financial services career in 2003. Prior to joining Barings, Tony held senior distribution and leadership roles at Touchstone Investments, Hartford Funds and MainStay Investments. Tony holds a BS from Northern Illinois University and an MBA from Northwestern University. He is a CFA charterholder and member of the CFA Society Chicago.