Credit Opportunities: A New Approach for Long-Term Investors – Lord Abbett – 5.2.21

Summary:

Prudent investing in credit markets has been fruitful for investors. However, some of the highest returning securities have been “forbidden fruit” for mutual fund managers who are faced with the need to meet redemptions daily. Many of the most attractive and idiosyncratic investment opportunities in credit markets are not liquid enough to be included in mutual funds. However, we believe investors who do not need daily liquidity should consider investing in a portfolio made up of these ideas, one that capitalizes on the liquidity and complexity premiums they offer. Lord Abbett’s Credit Opportunities Fund was designed to provide long-term investors with the opportunity for excess returns, driven by Lord Abbett’s best ideas across global credit markets.

Please join the Fund’s portfolio managers for an in-depth discussion on topics that include their views on:

• The best return opportunities and biggest risks in global credit markets.
• Why and where complexity and liquidity premiums exist for bank loans, high-yield and securitized credit.
• The robust process required for identifying, selecting and monetizing an investment team’s best ideas.
• How high-net-worth clients can use a fund made up of these ideas as part of a diversified portfolio.

Sponsors of this webcast may contact registrants. This webcast is for financial professionals only.

Speakers:

Jeffrey Lapin manages Lord Abbett’s floating-rate loan portfolios and loan structured products, and contributes as a Portfolio Manager to the multi-sector fixed-income and high-yield strategies. Mr. Lapin joined Lord Abbett in 2012 as a Portfolio Manager of Taxable Fixed Income and was named Partner in 2016. Previously, he was Managing Director and Head of European Market Credit Coverage at Post Advisory Group. His prior experience also includes serving as Partner, Co-Portfolio Manager at Tablerock Fund Management, LLC; Analyst at Avenue Capital Management, LLC; and Research Analyst at M.J. Whitman, Inc. He began his career in the financial services industry in 1997. Mr. Lapin earned an AB in government from Georgetown University, an MBA from New York University’s Leonard N. Stern School of Business, and a JD from Northwestern University’s School of Law.

Kewjin Yuoh is part of the team managing several Lord Abbett funds, including Core Fixed Income, Income, Total Return, Short Duration Income, and Inflation Focused. Mr. Yuoh directs the Liquid and Securitized Products team, which is responsible for fundamental research, analysis, trading, and portfolio management within Treasuries, agencies, residential mortgage-backed securities (MBS), asset-backed securities (ABS), and commercial mortgage-backed securities (CMBS). Mr. Yuoh began his career in the financial services industry in 1994. He joined Lord Abbett in 2010 as a Portfolio Manager for the firm’s taxable fixed-income strategies, and was named Partner in 2012. Prior to joining Lord Abbett, he was a Portfolio Manager of Structured Products at Sanford Bernstein; a Portfolio Manager of Agency Mortgage Backed Securities at Credit Suisse Asset Management; and a Senior VP, Director of Fundamental Research for Liquid and Structured Products at AllianceBernstein. Mr. Yuoh earned a BS in operations research and industrial engineering from Cornell University, College of Engineering.

Michael Naughton is responsible for managing the business and investment research relationships related to Lord Abbett’s distribution partners, with a specific focus on Global Financial Institutions, Private Banks and Wirehouses. Mr. Naughton joined Lord Abbett in 2012 as a Regional Consultant within Advisor Services. In 2013, he was promoted to Business Development Consultant and tasked with developing new relationships and driving sales as Lord Abbett continued to broaden its presence in the independent channel. In 2014, he was promoted to Regional Manager in Indiana, where he partnered with financial advisors, investment advisors, and portfolio managers to help them identify investment solutions that best addressed portfolio needs. He earned a BA in economics and history from Colgate University.