John Kerschner, CFA
John Kerschner is Global Head of Securitised Products and a portfolio manager at Janus Henderson Investors. He is a member of the Securitised Credit and Core Plus Teams and leads the teams in finding innovative ways to utilise structured products in the firm’s 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 35 years of financial industry experience.
Articles Written
U.S. Asset-Backed Securities: A securitized products primer
What are asset-backed securities, and how might they play a role in investors’ portfolios?
Chart to Watch: Most U.S. households are still cash flush
Despite somewhat sticky inflation and a recent softening in the labor market, the majority of U.S. households are in a stronger financial position than they were pre-COVID.
Are higher mortgage rates hurting U.S. households?
Assessing the impact of higher mortgage rates on U.S. homeowners.
The top reason to consider a multisector fund for a core bond allocation
The case for multisector bond funds as a core fixed income allocation.
Navigating Securitized Markets – Q3 2025 Update
Join us for our latest webcast series featuring John Kerschner—Head of US Securitized Products, Portfolio Manager—as he delves into opportunities in the securitized markets. As a leading authority in this field, Janus Henderson has expertise that may help meet your needs, and those of your clients, who are seeking income generation and risk mitigation—especially in times of market uncertainty.
Quick View: Lingering tariff concerns overshadow a win on inflation
Considering the potential implications of April’s inflation print for the bond market, the Fed, and fixed income investors.
Indicators flashing green for agency MBS?
Three reasons agency MBS look attractive right now.
Navigating Securitized Markets – Q1 Update
Join us for our latest webcast series featuring John Kerschner—Head of US Securitized Products, Portfolio Manager—as he delves into opportunities in the securitized markets.
The art and science of managing AAA CLO portfolios
A review of the fast-growing AAA CLO ETF market and some key observations for investors.
Top-performing U.S. fixed income sectors of 2024: Securitized outpaces the Agg
Ranking the best-performing U.S. fixed income sectors of 2024.
Busting the bias against U.S. securitized
John Kerschner points out the biases that he believes may keep investors out of U.S. securitized assets
U.S. MBS: Are Fannie and Freddie up for privatization?
Exploring the likelihood that Fannie Mae and Freddie Mac will be privatized.