For Institutional Investors in Australia

John Kerschner, CFA

Head of US Securitised Products | Portfolio Manager
John Kerschner, CFA | Janus Henderson Investors

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 33 years of financial industry experience.

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Articles Written

Balancing yield and duration: The fixed income barbell trade
Timely & Topical

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
Timely & Topical

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.

Investing in CMBS today: A tale of two cities
Timely & Topical

Investing in CMBS today: A tale of two cities

The impact of recent bank failures and tighter lending conditions on commercial real estate and CMBS.

Fishing for yield in AAA CLOs and MBS
Timely & Topical

Fishing for yield in AAA CLOs and MBS

How bond investors can take advantage of higher short-term yields while still managing duration exposure.

The case for CLOs
Education

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.

Up in quality: AAA CLOs and a hawkish Fed

Up in quality: AAA CLOs and a hawkish Fed

AAA CLOs may be well place to benefit from a hawkish Fed due to their ultra-low duration and floating rate coupons, competitive yields and high credit quality.

Tapering without the tantrum
Features & Outlooks

Tapering without the tantrum

We believe the Fed learned its lesson from the 2013-2014 “taper tantrum,” and efforts to better communicate its intentions will result in lower volatility this time around.