New York, New York, United States
Managing $4bn across ABS, MBS, CLOs and CMBS
● Managing a $2 billion structured products portfolio based on a combination of total return and ALM strategies to generate excess returns to a custom benchmark ● Trading a variety of fixed income products including CMBS, ACMBS, ABS, Agency Debentures, Treasuries, Commercial Paper, and other investment vehicles to enhance returns and implement our investment plan ● Analyzing new investment opportunities in the primary and secondary markets to identify attractive risk/reward propositions based on both credit risk and relative value ● Adjusting risk exposure for total return and ALM accounts using spread duration, tracking error, VAR, and DTS ● Creating and executing relative value trading strategies to optimize returns while minimizing risk based on technicals, fundamentals, and exogenous factors both within and across sectors
Investing $200-$500 million on a daily basis in a variety of short term products to meet cash flow needs while earning a competitive return across Guardian’s business lines Developing and implementing customized investment strategies for liability matching to reduce cash flow risk and increase returns Coordinating with portfolio managers to execute interest rate strategies in both the internal accounts and Guardian’s mutual funds
• Gained insight on the management of over $40 billion in public fixed income assets through daily trader and analyst interactions • Utilized detailed knowledge of corporate bonds, treasuries, and derivative products to ensure smooth settlement of approximately 50 trades daily • Provided cash projections based on daily trading activity, derivative pricing, and expected mutual fund flows to facilitate active portfolio management
• Developed a strong understanding of Guardian's core investment process on the Private Equity, Private Placements, Real Estate and Fixed Income desks • Performed in-depth analysis, culminating in a Sell recommendation which was presented to a committee including the CIO and the Head of Research • Pursued additional projects to create a proprietary index based on Guardian's CMBS holdings, alerting portfolio managers of at-risk securities