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 three Securitised Products ETFs – Mortgage-Backed Securities, AAA CLOs and BBB CLOs. John primarily focuses on leading the U.S. Securitised team and finding innovative ways to utilize 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以優異成績獲得耶魯大學生物學文學士學位，另外獲杜克大學富卡商學院的工商管理碩士學位，兼獲富卡學人 (Fuqua Scholar) 名銜。John擁有特許財務分析師稱號，在金融業界的工作經驗達33年。
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.