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
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Global equity opportunities for long-term investorsGlobal equity opportunities for long-term investors
Portfolio manager Lee Rosenbaum is looking for businesses with three main features: quality, intrinsic value growth and attractive valuations...
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Opportunity and risk in the North American equity and high-yield marketsOpportunity and risk in the North American equity and high-yield markets
While a repeat of last year’s performance isn’t the most likely outcome, the North American equity and high-yield bond markets appear...
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Opportunities for alpha across the globeOpportunities for alpha across the globe
In this video, portfolio manager Clément Gignac explains...
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Opportunities in the North American Equity MarketOpportunities in the North American Equity Market
In this video, portfolio manager Donny Moss...
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Finding value in overlooked areas of the marketFinding value in overlooked areas of the market
In this video, portfolio manager Peter Prattas...
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Positioning for a rotation into cyclicalsPositioning for a rotation into cyclicals
In this video, portfolio manager Sunny Ng identifies...
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The outlook for North American equities and high-yield bondsThe outlook for North American equities and high-yield bonds
North American equities and high-yield bonds have had a great run, and it’s likely not over yet. In this video, portfolio manager Dan Bastasic explains...
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An update on IA Clarington Core Plus Bond Fund & IA Clarington Floating Rate Income FundAn update on IA Clarington Core Plus Bond Fund & IA Clarington Floating Rate Income Fund
Portfolio manager Jeff Sujitno provides an update on how he’s positioning his mandates and explains his strategies for mitigating risk.
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Navigating uncertainty with quality, responsible investmentsNavigating uncertainty with quality, responsible investments
In this video, portfolio manager Andrew Simpson explains how his focus on high-quality global companies with strong ESG credentials has...
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A balanced approach to credit risk and durationA balanced approach to credit risk and duration
Fixed income has been printing outsized returns so far this year, but with the collapse of sovereign yields, longer-term return expectations should be...
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Opportunity in economy-sensitive global equitiesOpportunity in economy-sensitive global equities
Trade tensions, economic growth concerns and market volatility have challenged global equity investors throughout 2019...
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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?
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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.
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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.
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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.