Steven is Co-Lead Portfolio Manager for the IA Clarington Global Bond Fund, sub-advised by PineBridge Investments. He joined PineBridge in 2000 and is responsible for coordinating and overseeing the firm’s global credit and fixed-income strategies. He also co-manages the Leveraged Finance Group and portfolios.
Steven’s previous experience includes positions as Head of High Yield and Special Situation Investments at Citadel Investments, Head of Leveraged Finance at Koch Capital and Vice President of High Yield and Distressed Debt Trading at BancAmerica Securities.
He received a BS in Finance and Management from the Wharton School of Business at the University of Pennsylvania and an MBA in Finance from the Kellogg School of Northwestern University. He is a CFA charterholder.
Steven's philosophy
Fundamental-driven asset allocation and intensive, bottom-up credit research and security selection are the cornerstones of Steven’s approach. He invests across an intermediate time horizon, based on his view that market prices typically converge with fundamentals over a nine to 18 month period. This intermediate timeframe sits between a pure tactical approach, which he believes is too short-term for prices to connect well with fundamentals, and a strategic approach, which is too long for most investor needs. Steven’s approach dynamically and nimbly adapts to changing market conditions with the goal creating consistent, attractive income streams for investors.
Funds managed
VideosVidéos
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An outcome-focused approach to global growthAn outcome-focused approach to global growth
The outlook for global growth is improving, and one sign of this trend is the uptick in business investment.
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Uncovering alpha opportunities in a rapidly changing worldUncovering alpha opportunities in a rapidly changing world
The accelerated pace of technology-driven change is creating both opportunities and risks for global equity and fixed-income investors.
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Finding opportunity in challenging global marketsFinding opportunity in challenging global markets
Global equity valuations have rarely been more challenging, but portfolio manager Joe Jugovic is still finding opportunity in select areas of the market.
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Opportunities in equities and high-yield bondsOpportunities in equities and high-yield bonds
The markets have had a great start to the year, and the conditions for continued positive momentum are beginning to take shape...
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Investing in quality and long-term valueInvesting in quality and long-term value
The last month of 2018 was a difficult one for equity investors, but for Joe Jugovic, it was a perfect opportunity to top up his positions in some of his favourite value names.
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Investing for long-term valueInvesting for long-term value
Market turbulence and economic headwinds have many investors on edge...
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A look back at 2018, and ahead to 2019A look back at 2018, and ahead to 2019
This past year was a challenging one for investors, but Clément Gignac believes opportunity lies on the other side of recent volatility.
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Buying the dips in a maturing cycleBuying the dips in a maturing cycle
Many investors are concerned about recent market volatility, but not so for portfolio manager Peter Prattas.
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Finding opportunity in an elevated risk environmentFinding opportunity in an elevated risk environment
Market volatility and slowing global economic growth are widening the gap between winning and losing asset classes and securities....
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Capturing alpha opportunities across the market cycleCapturing alpha opportunities across the market cycle
In this wide-ranging video commentary, Eileen Riley provides an update on the performance of IA Clarington Global Allocation Fund...
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Challenges and opportunities in fixed incomeChallenges and opportunities in fixed income
Rising interest rates and widening spreads have been major headwinds for many fixed-income funds recently...
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Flexible options for a mid-cycle environmentFlexible options for a mid-cycle environment
Many industry analysts suggest we’re in the later stages of the current market cycle...
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Unearthing value opportunities across the globeUnearthing value opportunities across the globe
Being a disciplined value investor requires an ability to break from the crowd and invest amid widespread pessimism...
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Finding opportunities in a maturing cycleFinding opportunities in a maturing cycle
We’re well into the advanced stages of the business cycle and bull market, but Clément Gignac believes there’s little reason to worry about a recession or major market downturn. ..
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Thinking outside the equity style boxThinking outside the equity style box
Outperforming the market requires fresh, original thinking that ignores the constraints of conventional approaches to assessing a stock’s value...
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Opportunity and risk in global fixed incomeOpportunity and risk in global fixed income
The global bond market is much more favourable today than it was two years ago, but it remains a highly challenging environment that calls for deep research and a selective approach...
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Finding opportunity in transformative changeFinding opportunity in transformative change
The conditions businesses are operating in are transforming rapidly, with wide-ranging consequences for investors...
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Finding opportunities to invest responsiblyFinding opportunities to invest responsibly
Today’s challenging markets will test even the most seasoned stock pickers, but the right process can help...
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Time to embrace socially responsible investing (SRI)Time to embrace socially responsible investing (SRI)
The growing popularity of SRI is no accident, as more and more investors now understand ...
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Sticking with the processSticking with the process
Finding value in today’s small-cap market is no simple task, but with the right process...
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Finding opportunities in a mature equity marketFinding opportunities in a mature equity market
Global equity market valuations are high, but there’s still value to be had...
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Tailwinds for the high-yield bond marketTailwinds for the high-yield bond market
Synchronized global economic growth and healthy fundamental conditions make high-yield corporate bonds...
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Equities have room to runEquities have room to run
It wasn’t so long ago that investors feared the U.S. equity market was overheated and out of gas...
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Disruption yields opportunityDisruption yields opportunity
Companies have been sitting on piles of cash for years, but they’ve been reluctant to use it...
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Active InsightsPoints de vue actifs
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Market Insights - Dec 20, 201820 Dec 2018
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- Sep 21, 201821 Sep 2018
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Market Insights - Nov 9, 20179 Nov 2017