John Kerschner, CFA
John Kerschner is Head of US Securitised Products and a portfolio manager at Janus Henderson Investors. He is a member of the Securitised Credit and US Fixed Income Teams and leads the teams in finding innovative ways to utilise structured products in JHI portfolios. Prior to joining Janus in 2010, John was director of portfolio management at BBW Capital Advisors. Before that, he worked for Woodbourne Investment Management, where he was global head of credit investing. John began his career at Smith Breeden Associates as an assistant portfolio manager and was promoted several times over 12 years, becoming a principal, senior portfolio manager and director of the ABS-CDO group.
John received his bachelor of arts degree in biology from Yale University, graduating cum laude. He earned his MBA from Duke University, Fuqua School of Business, where he was designated a Fuqua Scholar. John holds the Chartered Financial Analyst designation and has 34 years of financial industry experience.
Products Managed
Articles Written
Agency Mortgage-Backed Securities: A securitized products primer
What are agency mortgage-backed securities, and how might they play a role in investors’ portfolios?
Collateralized Loan Obligations: A securitized products primer
What are collateralized loan obligations, and how might they play a role in investors’ portfolios?
Busting the bias against US securitized
John Kerschner shares his U.S. securitized outlook, pointing out the biases that he believes keep some investors out of the asset class.
5 reasons to add securitized assets to fixed income portfolios
Securitized sectors might play a key role for bond investors amid a higher interest rate environment.
Balancing yield and duration: The fixed income barbell trade
How bond investors can take advantage of higher short-term yields while still managing duration exposure.
Flip flop: What MBS investors can learn from Zillow’s failed house-flipping business
How Zillow’s failed house-flipping business demonstrates the value of active management in MBS investing.
The case for CLOs
As the market has grown and new investment structures have become available, CLOs are increasingly viewed as the link between the needs of smaller companies seeking financing and investors seeking yield.