Amidst Corporate Turbulence, Can Securitized Offer a Port in the Credit Storm? – Voya Investment Management – 3.27.20

Summary:

Now On Demand.

An unprecedented flight to cash in response to worldwide concerns over the coronavirus (COVID-19), compounded by the energy price war between Saudi Arabia and Russia has triggered some of the largest spread widening across securitized sectors since the 2008 crisis. In the securitized space, where every CUSIP has a story, the uniqueness of each bond brings complexity and amplifies opportunities in times of market turbulence.

Join the discussion on opportunities across the securitized credit universe. We will cover Voya Investment Management’s:

• Take on the current backdrop for the agency mortgage-backed securities market, the potential impact from recent actions by the Federal Reserve, and what investors should be looking for as they evaluate the agency mortgage-backed securities space.
• Views on the backdrop across the sub-sectors of securitized credit – including non-agency residential mortgage-backed securities (both legacy and CRTs), commercial mortgage-backed securities (CMBS), asset-backed securities (ABS) and collateralized loan obligations (CLOs).

Speakers:

Dave Goodson is a managing director, head of securitized fixed income and a senior portfolio manager for Voya Investment Management’s non-agency and agency mortgage-backed securities, commercial mortgage-backed securities and asset-backed securities strategies. Prior to joining the firm, he was a principal at an independent investment bank focused on asset-backed commercial paper transactions. Dave began his career as a vice president in Wachovia Securities’ asset-backed finance group, marketing and executing securitizations for the bank’s corporate clients. He received a BS in management from the Georgia Institute of Technology.

Jeff Dutra is a senior portfolio manager for Voya Investment Management, primarily responsible for the mortgage-backed securities/collateralized mortgage obligation portfolios. Previously, he ran the operations and accounting groups at the firm, responsible for financial derivatives and mortgage derivatives. Jeff received a BA in mathematics from the University of South Florida and an MBA from the University of Tampa. He holds the Chartered Financial Analyst^® designation.

Chris Wilson is a fixed income client portfolio manager at Voya Investment Management and head of the fixed income client portfolio management team. Prior to joining the firm, Chris was head of the North America fixed income client portfolio manager team for AllianceBernstein. Chris began his career and served in multiple roles at AllianceBernstein including fixed income portfolio manager, currency trader, quantitative analyst and head of fixed income product management. Chris received his BS in mathematics/management from LeMoyne College. He holds the Chartered Financial Analyst^® designation.