Historical and current analyses do not guarantee future results.
US high-yield bonds are represented by the Bloomberg US Corporate High Yield Index, US Treasuries are represented by the Bloomberg US Treasury 10–Year Bellwether and US bank loans are represented by the Credit Suisse Leveraged Loan Index.
Through April 30, 2023
Source: Bloomberg, Credit Suisse, National Bureau of Economic Research and Alliance Bernstein (AB)
Historical and current analyses do not guarantee future results.
Ratings for bank loans are as a percent of par value; ratings for bonds are as a percent of market value.
*Does not show unrated loans or loans rated above BB
Through January 31, 2023
Source: Barclays, Bloomberg, Pitchbook, S&P and 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.
When Senior Vice President and Portfolio Manager Matthew Sheridan joined AB in 1998, he'd been drawn by its reputation for fundamental research. That commitment to rigor on both the fundamental and quantitative side remains front and center at AB today. As a Portfolio Manager for Income Strategies, Sheridan has been instrumental in evolving AB's investment practice to manage risk and intentionally build global and multi-sector portfolios that are generally currency hedged and focus on delivering a high level of income consistently over the long term.
Sheridan's investment philosophy centers on a research-driven, global and multi-sector approach to portfolio construction in the quest to provide clients with a high level of income. This necessitates an intense focus on using technology to weed out unattractively priced bonds, and team collaboration to reduce idiosyncratic risk.
"We want to work well together," Sheridan says of his team. "It's not one person picking bonds in a silo," For him, AB's solid process, its focus on tech, and its long-term view create more opportunities for alpha and differentiate AB from its peers.
AJ Rivers is a Senior Vice President and Head of US Retail Fixed Income Business Development. Prior to joining AB in 2022, he was the director of Product Strategy at Lord Abbett. Throughout his career, Rivers has been directly involved in the rates and credit markets, and has directed the product development and competitive positioning of investment strategies in traditional and alternative assets. He has held roles in trading, risk management, portfolio analytics and product strategy. Rivers attended the McDonough School of Business at Georgetown University and graduated from the University at Buffalo for undergrad. He is a CFA charterholder, a Financial Risk Manager (FRM) and a Chartered Alternative Investment Analyst (CAIA). Location: Nashville