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
VideoVidéo
-
Investing in all-cap U.S. equity opportunitiesInvesting in all-cap U.S. equity opportunities
In an environment where many quality companies are trading at elevated valuations, where should investors look for value stocks with attractive long-term potential?
Read summaryLire le sommaire -
Dividend growth opportunities in the U.S. and CanadaDividend growth opportunities in the U.S. and Canada
It’s one thing to pay a strong dividend, but quite another to maintain and grow it over time. In this video, portfolio manager Donny Moss explains why he focuses on identifying high-quality businesses with attractive potential for consistent, long-term dividend growth.
Read summaryLire le sommaire -
Finding alpha in quality, growth and valueFinding alpha in quality, growth and value
Small- and mid-cap (SMID) stocks have historically offered superior alpha opportunities, but risk-conscious investing in this space requires an active, highly selective approach focused on quality, growing companies trading at attractive valuations.
Read summaryLire le sommaire -
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.
Read summaryLire le sommaire -
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.
Read summaryLire le sommaire -
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.
Read summaryLire le sommaire -
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...
Read summaryLire le sommaire -
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.
-
Investing for long-term valueInvesting for long-term value
Market turbulence and economic headwinds have many investors on edge...
Read summaryLire le sommaire -
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.
Read summaryLire le sommaire -
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.
Read summaryLire le sommaire -
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....
Read summaryLire le sommaire -
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...
Read summaryLire le sommaire -
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...
Read summaryLire le sommaire -
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...
Read summaryLire le sommaire -
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...
Read summaryLire le sommaire