Overview
Overview
Our team’s philosophy and process is rooted in the belief that debt markets do not reward for inappropriately high levels of risk, and therefore, the team seeks to avoid uncompensated risk.
Strategies
Strategies
STRATEGY
SEPARATE ACCOUNT
PRIVATE VEHICLES
UCITS
FACT SHEET
INVESTMENT GRADE
Investment Grade Credit
1
1
Investment Grade ESG Credit
1
1
1
US HIGH YIELD
US High Yield Active Core
1
US High Yield Active Core Opportunities
1
1
1
1
Short Duration US High Yield
1
1
1
1
GLOBAL HIGH YIELD
Global High Yield
1
1
1
Global High Yield Developed Markets
1
1
1
1
Global Credit Team
Global Credit Team
Global Credit is comprised of a deep bench of industry professionals with an average of nearly 30 years of experience.
Insights
Insights
FEATURED INSIGHTS
Opportunities in Synthetic Risk Transfers
The US banking industry is undergoing significant changes that are creating new markets for fixed income investors. One of those markets is Synthetic Risk Transfers or SRTs.
Investment Grade Corporate Credit 3Q 2024 Outlook
We remain cautiously constructive on investment grade credit and believe that the asset class offers relatively stable carry with yields.
Investment Grade Corporate Credit 2Q 2024 Outlook
With a backdrop of good corporate earnings and moderating inflation, we see credit spreads remaining range bound around current levels.
Banks and Commercial Real Estate
The US banking sector is currently facing major stress faced, particularly in commercial real estate. Although bruised, we expect the larger banks to fair well in CRE at the other end.
MacKay Fixed Income Top 5 Insights for 2024
In navigating 2024’s landscape, concerns around the US budget deficit, along with the required Treasury debt issuance, continue to captivate investors.
Federal Reserve Stress Test Commentary - Part 2
In part 2 of a 2 part series, Mark Kehoe, CFA gives his thoughts on the latest Federal Reserve Stress Test.
Investment Grade Mid-Year Outlook
With interest rates likely remaining higher for longer and corporate earnings growth expected to further slow into the remainder of 2023, we expect returns to be driven by carry rather than by spread compression.
Federal Reserve Stress Test Commentary - Part 1
In part 1 of a 2 part series, Mark Kehoe, CFA gives his thoughts on the latest Federal Reserve Stress Test.
Failures, Funding and Financial Resiliency: 1Q 2023 Bank Earnings
What matters to credit investors?
Banking Crisis—How Deep a Contagion?
Mark Kehoe analyses the current bank crisis and provides background on what Additional Tier 1 Securities are and how they play a role in the crisis.
Bonds Are Back to Being Bonds
Bonds are back to being bonds in 2023, as we believe higher income will drive investment grade returns.
Downgrades, Defaults and Regional Allocations
Michael DePalma and Cameron White share their outlook for the Global Credit market, their observations on downgrades and defaults in 2024, and the regional allocations in 2023.
Rapid Transition to Electric Vehicles Will Upend Global Auto Industry
The global auto industry is on the cusp of a transformation.
Global Credit Team - 2022 Outlook
Global Credit Team - 2022 Outlook
Digging Deep Into Material Factors for ESG Investors
When we outlined our approach to engaging with companies on ESG issues, many investors asked how we determine what issues are “material.”