Building resilient portfolios in an uncertain environment – New York Life Investments – 10.8.20

Summary:

Now On Demand.

Given the backdrop of 2020’s unprecedented market environment and this year’s hotly contested election, the current economic, social and political landscape continues to create high levels of uncertainty and volatility. As November approaches, investors are understandably wondering about the impact to financial markets and their portfolios. Seasoned experts from across New York Life Investments share their perspectives on navigating current market dynamics, offer views on where to find opportunities, and provide insights into why a resilient portfolio is more important than ever.

Discussion Topics:

• Macroeconomic conditions
• Market reactions to heightened uncertainty
• The case for a resilient portfolio
• Drivers of long-term performance
• Attractive investment opportunities in today’s market
• Strategies to navigate the current market environment and key risks to consider

Speakers:

Bob joined Mackay Shields in July 2009 when the firm acquired the assets of Mariner Municipal Managers LLC. He was the President and co-founder of Mariner Municipal Managers from 2007 to 2009. Bob has been a municipal portfolio manager since 1992, with a broad range of trading and portfolio management experience in the municipal markets.

Bob was a Managing Director and Co-Head of BlackRock’s Municipal Portfolio Management Group (from 2006 to 2007). Prior to BlackRock’s merger with Merrill Lynch Investment Managers, he served as a Senior Portfolio Manager and Managing Director of the Municipal Products Group. He was employed by Merrill Lynch from 1993 to 2006.

Bob is a member of the firm’s Senior Leadership Team. Bob earned his Master’s degree at Rutgers University Business School and an undergraduate degree at the University of Connecticut. He is a CFA Charterholder.

Steve is Senior Macroeconomist for the Global Fixed Income Team and Chair of the Investment Policy Committee. Steve joined MacKay Shields from BNP Paribas Asset Management (originally Fischer Francis Trees & Watts), where he served as a Senior Economist providing macroeconomic forecasts and scenario analysis for internal investment teams as an input into strategic and tactical asset allocation. Prior to that, he served as Director of Market Analysis and Foreign Exchange and Investments at the Federal Reserve Bank of New York, where he held a variety of senior roles for more than fifteen years.

Steve received his BA from Wesleyan University and holds masters degrees from Johns Hopkins – School of Advanced International Studies and Columbia Business School.

Bill is Executive Chairman and Co-Chief Investment Officer of Epoch Investment Partners. He is a portfolio manager for Epoch’s global equity investment strategies and leads the Investment Policy Group, a forum for analyzing broader secular and cyclical trends that Epoch believes will influence investment opportunities. Prior to co-founding Epoch in 2004, Bill was a Co-Managing Partner and portfolio manager at Steinberg Priest & Sloane Capital Management, LLC for three years. Before joining Steinberg Priest, he was a member of the Global Executive Committee of Credit Suisse Asset Management (“CSAM”), Chairman and Chief Executive Officer of CSAM Americas and CEO and portfolio manager of its predecessor firm, BEA Associates, which he co-founded in 1972. During his 30 year tenure at BEA and CSAM, he developed the firm into a well-recognized investment manager with over $100 billion under management.

Bill is the author of several published articles and papers on investing and finance, including the books The Financial Reality of Pension Funding Under ERISA, Free Cash Flow and Shareholder Yield: New Priorities for the Global Investor, which details the underpinnings of Epoch’s investment approach, and the more recent Winning at Active Management, published by John Wiley & Sons. He holds the Chartered Financial Analyst designation, is a former CPA and a graduate of Duke University and the University of Pennsylvania Wharton Graduate School of Business. He is a member of the Council on Foreign Relations.

Steve Sciortino is Managing Director at New York Life Investments, responsible for the Product Management Group. In this role, Steve is responsible for driving product strategy and leading the product management efforts for the Funds and ETFs, working with marketing and sales teams to collectively achieve firm goals. Steve’s group provides product positioning ideas, market insights, investment updates, data analytics, and competitive analysis to various internal and external partners.

Steve holds a BA in Political Science from Monmouth University and an MBA from New York University Stern School of Business. He has over 20 years of industry experience.