Jerry Dorost, CFA
Portfolio Manager, Fixed Income and Preferred Securities
22 years of experience
Jerry Dorost, CFA, Senior Vice President, is a portfolio manager for fixed income and preferred securities portfolios and has analyst coverage responsibilities for U.S. banks. Prior to joining the firm in 2010, Mr. Dorost was with Citigroup, where his coverage included banks, mortgage lenders and other financial companies. Mr. Dorost has a BS from Columbia University and is based in New York.
STRATEGIES
FUNDS
Insights by Jerry Dorost, CFA
Income investing redefined: The case for preferred securities
High yield does not have to mean high risk—preferred securities offer investors a compelling middle ground, providing attractive income, total returns and portfolio diversification from high-quality issuers.
Understanding quality, ratings and long-term compensation of preferred securities
Preferreds provide attractive income and total returns from high-quality securities; despite added risks, default rates can be lower than credit ratings suggest.
Yields, regulations reinforce a positive preferred securities outlook
We see scope for good relative performance, given appealing valuations and structures that can benefit from high interest rates. Solid issuer fundamentals today and tighter bank regulations to come may provide a credit tailwind.
