The Portfolio Fix with AAM
This is The Portfolio Fix by AAM. The Portfolio Fix is a podcast about financial services. Founded in 1982, Asset Allocation & Management Company, LLC (AAM) is an investment manager exclusively for insurance companies. AAM strives to provide insurance companies with expertise in insurance asset management and practical knowledge of the regulatory and competitive environment. AAM is dedicated to meeting insurance company needs, with expertise across asset classes. For more information and a list of full disclosures please visit http://www.aamcompany.com/the-portfolio-fix-a-podcast-with-aam/.
Episodes
59 episodes
AAM Talks Convertible Bonds with Zazove Associates
In this episode of the Portfolio Fix, John Balsamo, Portfolio Manager at AAM and Gene Pretti, CEO of Zazove, discuss the current state of the convertible bond market, exploring its performance amidst market volatility, trends in issuance, and t...
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17:35
AAM Talks CMLs with Affinius Capital
In this episode of The Portfolio Fix, Greg Ortquist, Senior Portfolio Manager at AAM, and Alex Rapoport, Managing Director at Affinius Capital, discuss the current state of commercial mortgage loans. They focus on trends in property types, borr...
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13:43
AAM talks High Yield with Muzinich & Co.
Patryk Carwinski is joined by Kevin Ziets from Muzinich & Co. in this episode of The Portfolio Fix, where they unpack the outlook for high yield public corporate debt. The conversation covers important market trends, return expecta...
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20:42
Partly Cloudy, Though the View is Better Up Here: AAM’s 2025 Outlook
In this episode, Tim Senechalle is joined by Elizabeth Henderson, Pete Wirtala and Marco Bravo to discuss how AAM views the year ahead. While there is optimism around corporate growth and asset pricing, the team weighs in on the risks posed by ...
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26:18
Artificial Intelligence and the Energy Sector
This episode of the Portfolio Fix highlights the trending topic of Artificial Intelligence and the implications for investors. AAM's Chief Investment Officer, Tim Senechalle, and Elizabeth Henderson, Head of Fixed Income, are joined by Pat McGe...
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20:40
AAM’s Expectations for the Remainder of 2024
In this episode of the Portfolio Fix, Tim Senechalle and Elizabeth Henderson are joined by Marco Bravo. They discuss recent developments in the bond market, given the weaker than expected July employment report and discuss their expectations fo...
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15:28
Artificial Intelligence & Corporate Bonds - Part 1: Keeping Current on Utility Markets
In this episode not only do we discuss economic developments, the Fed and recent market movements but Tim, Elizabeth and Pete are joined by Andy Bohlin, Senior Fixed Income Credit Analyst. Andy is responsible for the analysis and recommendation...
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21:03
Prime Cuts - 2024 Surprises & Cash Management Strategies for Insurers
Not only is Tim Senechalle AAM's new Chief Investment Officer he is also the new host of AAM's The Portfolio Fix podcast! He will be joined by podcast regulars Elizabeth Henderson - AAM's Head of Fixed Income and Pete Wirtala - AAM's Insurance ...
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22:05
AAM's 2024 Outlook - After the Recession That Never Was
In this episode of The Portfolio Fix, AAM's CIO Reed Nuttall speaks with each of the asset class sector heads about their expectations for 2024.Introduction - Reed Nuttall, Chief Investment Officer1:10 - Marco Bravo...
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37:44
A Dovish Fed and a Healthy Consumer – What’s Not to Like? A Couple Items Actually
In this episode of The Portfolio Fix, Marco Bravo digests the Fed’s recent statement and press conference and why the Treasury market is interpreting Chairman Powell’s comments as supportive of several rate cuts in 2024. Mike Ashley then ...
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21:14
AAM's 2024 Growth Outlook for the Economy and Technology
In this episode of The Portfolio Fix, Marco Bravo highlights AAM's 2024 economic growth forecast and why we think the Fed will not cut as much as market consensus. Garrett Dungee describes why the Technology sector remains cyclical despit...
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18:38
Secular Changes in Media Expected to Create Investment Opportunities
In this episode of The Portfolio Fix, Marco Bravo describes why Fed policy and continued labor strength is behind the recent volatility in the Treasury market. Elizabeth Henderson explains the secular changes taking place to business models in ...
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19:38
A Confident Consumer and Sticky Inflation Means Higher for Longer
In this episode of The Portfolio Fix, Marco Bravo talks about what is behind the economy’s resiliency and why the Treasury curve is likely to remain elevated for the next year. Andy Bohlin explains what is behind the weakness in the Utili...
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18:40
Recession Still a Distinct Possibility, but Oil Prices Unlikely to be the Catalyst
In this episode of The Portfolio Fix, Elizabeth Henderson reviews the recent Moody's Corporate Credit roundtable in which she participated. She highlights the resilient investment grade and high yield markets but points out two risks highlighte...
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17:40
When Will the Economy Normalize?
In this episode of The Portfolio Fix, Tim Senechalle explains why recent improved inflation data may not mean an imminent return to a normal Treasury Curve. Andy Bohlin follows with an update on the Auto sector, one of the first industries to e...
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24:09
Primary Bank Concern Shifts from Liquidity to Loan Books
In this episode of The Portfolio Fix, Leah Savageau explains why the banking sector is likely to face higher wholesale funding costs following the acute liquidity deterioration in March. She goes on to describe why her primary concern has shift...
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24:25
A Narrow Path - AAM's 2023 Fixed Income Outlook
In this episode of The Portfolio Fix, AAM's CIO Reed Nuttall and the sector heads of each of our asset classes provide our expectations for 2023. We discuss our views on the U.S. economy along with each of the fixed income markets. ...
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32:12
More Rate Hikes and Weaker Growth in 2023 Should Lead to a Weaker Retail Industry
In the latest episode of The Portfolio Fix, Marco Bravo interprets Fed Chairman Powell’s press conference as meaning more rate hikes, which should likely lead to weaker growth and higher unemployment in 2023. Mike Ashley then provides the...
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26:45
Breaking Down the New Long Duration Targeted Improvement Policy
In the latest episode of The Portfolio Fix, Marco Bravo makes sense of a confusing jobs report from December 2nd, 2022 and the likely impact on future Fed rate actions. Garrett Dungee outlines the coming accounting changes for Long Durati...
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24:50
Rate Hikes in the U.S. and Elevated Natural Gas Prices in Europe Likely Curtail Growth
In this episode of The Portfolio Fix, Marco Bravo details why AAM believes future Fed rate hikes of at least 100 basis points are likely and Patrick McGeever provides his views on why the natural gas situation in Europe is likely to be a headwi...
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20:38
Top Down or Bottom Up Approach Lead to the Same Gloomy Economic Outlook for 2023
In the latest episode of The Portfolio Fix, Marco Bravo provides AAM’s gloomy outlook on inflation, interest rates, unemployment and growth for 2023. Andy Bohlin describes why the Chemical & Packaging Sector can give an early glimpse into e...
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23:56
Reducing Corporate Exposure and Adding Mortgages Following Latest Fed Hike
In the latest episode of The Portfolio Fix, Marco Bravo details why AAM expects inflation to remain higher than consensus and what that likely means for rates and risk assets. Dan Byrnes describes the new opportunity AAM sees in mortgages...
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17:59
Warning Signs Indicate Wider Corporate Spreads
In this episode of The Portfolio Fix with AAM, Marco Bravo explains why yields have risen so much in the past month and why markets are suggesting a 75bps rate hike on September 21 is likely. Additionally, Elizabeth Henderson and the corp...
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37:07
AAM Analyzes the Treasury Curve and Provides an Update on the Convertible Bond Market
In this episode of the Portfolio Fix, Marco Bravo details what we learned about inflation and employment this past week and how that data is influencing the Treasury curve. Additionally, Gene Pretti of Zazove Associates explains what is driving...
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28:43
How Inflation and Fed Policy Are Affecting Economic Growth and Markets
In this episode of The Portfolio Fix, Marco Bravo details why AAM expects inflation to remain above consensus expectations for the remainder of the year. He also details how the Fed is likely to respond, why growth will be challenged and ...
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21:42