Pensions Investment Club - Conversation & Lunch

Presentation Title: Why Less Is More in Multi-Asset Credit

Join us for an insightful discussion on the evolving landscape of multi-asset credit strategies lead by John Yovanovic, Co-Head of Leveraged Finance at PineBridge. John will discuss why focusing on the quality of credit components, rather than the quantity of asset classes, can lead to stronger risk-adjusted returns. He will delve into the key reasons behind this approach, including the high correlations among typical multi-asset credit components and the benefits of expanding the issuer universe.

Additionally, we will explore our Global Opportunistic Credit strategy, which is designed to navigate the complexities of today's volatile markets. This strategy seeks to deliver enhanced yield potential by selecting high-conviction ideas across global credit markets through a dynamic, multi-asset credit approach. John will discuss how the strategy leverages the idiosyncratic risks of individual credits and issuers, how it adapts to evolving market conditions, and how its flexible investment approach can help de-risk portfolios without sacrificing yield.

Key Topics:

• The limitations of traditional multi-asset credit diversification
• Strategies for de-risking portfolios while maintaining yield potential
• How to position portfolios for potential bouts of volatility and through market cycles

John Yovanovic, CFA, Co-Head of Leveraged Finance, PineBridge Investments, Houston

Mr. Yovanovic joined the firm in 2000 and is Co-Head of Leveraged Finance at PineBridge Investments. He is responsible for co-managing the Leveraged Finance Group and overseeing high yield portfolio management. Mr. Yovanovic became Portfolio Manager of High Yield for the firm in 2005. Prior to that, he held positions as a senior research analyst and as head of AIG’s high yield trading desk; while in investment research, he served as the energy/utilities group head. Previously, Mr. Yovanovic was a senior research analyst and trader at Mentor Investment Advisors, a division of Wachovia Corporation. Mr. Yovanovic started his career in equity research at VanKampen Funds, where he subsequently moved into high yield research and trading. He received a Bachelor of Business Administration from the University of Houston and is a CFA charterholder.