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 33 years of financial industry experience.
Articles Written
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.
Global Perspectives: Demystifying securitized fixed income
Dissecting the securitized subset of the fixed income market and where we see the strongest opportunities ahead.
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.
How a hawkish Fed may impact AAA CLO returns
Considering what could be in store for AAA CLO returns given a still-hawkish Fed.
The three habits of successful bond investors
Three habits bond investors can adopt as they seek better risk-adjusted returns.
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.
Are bonds cheap or expensive? A 5-point valuation checklist
Five key bond valuation metrics for financial professionals and portfolio managers.
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.