The Fed’s on the Move – What’s Next? – New York Life Investors – 6.9.22

Overview:
Title: The Fed’s on the Move – What’s Next?
Date: Thursday, June 9, 2022
Time: 1:00 PM Eastern Daylight Time
Duration: 1 hour

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Summary:

Now On Demand.

With many forces pulling on the fixed income space – including the Fed’s recent rate hike and the start of their quantitative tightening program – extreme volatility and uncertainty have persisted. Coupled with ongoing debates around whether interest rate hawkishness has finally peaked, investors are left to wonder how their portfolios will be impacted. Against such an uncertain backdrop, seasoned experts across New York Life Investments will share their perspectives on the implications for fixed income and how to ultimately find resilience in today’s markets.

Discussion Topics:

  • What does an actively rising rate environment mean for floating rate bonds?
  • Macro factors and their impact on the riskiness of the higher rate environment
  • Macroeconomic/governmental developments and their implications for municipal bonds
  • Where can investors find resilience in the fixed income space?

Speakers:
Michael Denlinger Michael Denlinger Director, Portfolio Manager/Trader MacKay Municipal Managers

Michael joined the firm in 2019. Previously, he was an institutional municipal credit trader at Bank of America Merrill Lynch with a primary focus on taxable and healthcare securities. Prior to trading credit, he was a high grade municipal trader.He has worked in the financial services industry since 2014.

Michael earned a B.A. in Economics from Johns Hopkins University in 2014.
Nate Hudson, CFA Nate Hudson, CFA Managing Director MacKay Shields

Nate Hudson is a Managing Director on the High Yield Team, where he follows the automotive and services sectors. Prior to joining MacKay Shields in 2008, he was a Senior Analyst of High Yield Credit in Strategic Capital’s (White Ridge Advisors) proprietary investment group at Banc of America Securities. Previously, he was a sell-side High Yield Analyst at Banc of America Securities and a High Yield Credit Analyst at Nomura Corporate Research & Asset Management (NCRAM).

Nate received a BA from Yale University and is a CFA Charterholder. He has been working in the investment industry since 1991.
Arthur Torrey Arthur Torrey Managing Director and Portfolio Manager New York Life Investors

Arthur is a Portfolio Manager in the High Yield Credit Group. He is responsible for the management of non-investment grade assets, including floating rate loans and high yield bonds. He is also a portfolio manager on all floating rate loan mandates, including retail mutual funds, institutional accounts and CLOs.

Arthur joined the firm in 2006. Previously, he was a portfolio manager and investment analyst for Carlyle High-Yield Partners. He was also a corporate relationship manager for Fleet Securities, as well as a corporate banker with Credit Agricole/Indosuez and ABN-AMRO Bank. He has worked in the financial services industry since 1993.

Arthur earned a B.S.B.A. from the University of Denver.
Lauren Goodwin, CFA Lauren Goodwin, CFA Portfolio Strategist New York Life Investments

Lauren is an economist and strategist for New York Life’s Multi-Asset Solutions team, which manages approximately $10 billion in client solutions, as of 3/31/22. Her work focuses on mapping global economic and geopolitical trends to actionable investment insights.
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