John Kerschner, CFA
John Kerschner is Head of US Securitised Products at Janus Henderson Investors and a Portfolio Manager on the Multi-Sector Credit strategy and the Mortgage-Backed Securities and AAA CLO ETFs. John primarily focuses on mortgage-backed securities and other structured products. 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
US fixed income players: Reviewing 2022 and looking ahead to 2023
In this 2023 outlook, John Kerschner assesses various fixed income sectors on their 2022 performance and discusses what we can expect from them in 2023.
The Fed and CLOs: Well aligned?
Why collateralized loan obligations (CLOs) might be well aligned with a hawkish Fed.
Credit ratings on securitized assets: Can they be trusted?
A look at credit ratings on securitized assets and whether investors can rely on them when constructing fixed income portfolios.
Higher for longer: The case for securitized assets in a higher rate environment
How securitized sectors might play a key role for bond investors amid a challenging interest rate environment.
The diversification benefits of adding floating-rate CLOs to fixed income portfolios
How the addition of floating-rate CLOs to traditional fixed-rate bond portfolios may improve risk-adjusted returns.
MBS: A Window of Opportunity in Fixed Income
With many key risks now priced in, we believe MBS represents an area of opportunity in fixed income.
Five questions fixed income investors are asking in 2022
Our fixed income teams consider monetary policy-related conundrums and where, outside of policy, they see opportunities and risks for investors.
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.