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The views expressed herein do not constitute research, investment advice or trade recommendations, and do not necessarily represent the views of all AB portfolio-management teams and are subject to change over time.
For illustrative purposes only.
As of March 31, 2022
Source: AllianceBernstein (AB)
For illustrative purposes only.
As of December 31, 2021
Source: AllianceBernstein (AB)
For illustrative purposes only.
YTW: Yield to Worst—a measure of the lowest possible yield for bonds that operate within their contract terms without defaulting. Avg. Weighted YTW are for AA-rated, 5% coupon, non-sinkable, non-insured bonds with 6–10-year option-adjusted durations.
As of January 31, 2022
Source: AllianceBernstein (AB)
For illustrative purposes only.
The indicators shown are representative of the type of data we seek in our research process.
As of June 30, 2020
Source: AllianceBernstein (AB)
The views expressed herein do not constitute research, investment advice or trade recommendations, and do not necessarily represent the views of all AB portfolio-management teams and are subject to change over time.
Erin Bigley is a Senior Vice President, AB’s Chief Responsibility Officer, and a member of the firm’s Operating Committee and Women’s Leadership Council. In this role, she oversees AB’s responsible investing strategy, including integrating material environmental, social and governance considerations throughout the firm’s research, engagement and investment processes. Bigley joined the firm in 1997 and previously served as a portfolio manager and trader for the global and Canadian bond strategies. She spent two years based in London as the global head of Fixed Income Business Development for institutional clients. Bigley served as a fixed-income senior investment strategist for over a decade, and as head of the strategist team from 2018 to 2021. Prior to taking her current role, she served as head of Fixed Income Responsible Investing, overseeing the Fixed Income team’s responsible investing strategy. Bigley holds a BS in civil engineering from Villanova University and an MBA from the Massachusetts Institute of Technology’s Sloan School of Management. She is a CFA charterholder. Location: New York
Gavin Romm is a Senior Vice President and Head of Separately Managed Accounts (SMA). He is responsible for the management and strategic growth of AB’s SMA business across fixed income, equity and multi-asset. This includes the construction and ongoing evolution of AB’s deeply customized, technology-driven SMA investment platform, which delivers bespoke solutions to investors across a variety of commercial channels. Previously, Romm was a senior leader responsible for fixed-income technology and data initiatives, driving innovation through data science, quant and automation to enhance AB’s investment decision-making capabilities. Prior to that, he was a portfolio manager and member of the High Yield and High Income portfolio-management teams. Before joining AB in 2013, Romm was a fixed-income specialist at Bloomberg, where he developed and supported fixed-income cash bond and derivative analysis tools. He holds a BA in economics with a minor in entrepreneurship from Trinity College and is a CFA charterholder. Location: New York
Larry Bellinger is a Senior Vice President and Director for the Municipal Credit Research Group, providing high-yield research on municipal credits, with a focus on senior living and hospitals. He initially joined AB in 2012 as a municipal credit research analyst, focusing on municipal credits in Northeastern states, as well as Florida, Ohio and Wisconsin. Bellinger returned to the firm in 2019. In between, he spent three years as a research analyst with Schroders, covering all regions and all municipal sectors for investment-grade and high-yield credits. Earlier in his career, Bellinger worked at Moody's Investors Service, where he primarily analyzed municipal credits in the Northeast. Prior to that, he was an analyst at insurance-rating agency AM Best Company and a D&O underwriter for financial institutions at insurance company Chubb. Bellinger holds a BS in business administration (international business) from Central Washington University, an MBA from Michigan State University and a JD from Rutgers Law School. He is a CFA charterholder. Location: New York
Marc Uy is Vice President and Portfolio Manager for AB's Municipal Impact products. He joined the firm in 2004. Since 2018, Uy has overseen ESG portfolio strategy and research.
After starting his career in equities, Uy moved to municipal bonds, applying a rigorous process and focused approach to ESG investing. By choosing to invest in communities where there are disparities—in healthcare outcomes, academic achievement—he uses the municipal bond market to change the trajectory.
These strategies are backed by research and align with community goals. “We want to be extremely targeted,” Uy says. “We learn about who they are and what they're trying to accomplish.”