A variety of fixed income investments suffered in 2013 following the Fed’s announcement about winding down its accommodative monetary policy in the United States. The effects of quantitative easing have led investors to re-focus their search for investments that are suitable for the eventual normalization toward higher interest rates. We believe the characteristics of high-yield and convertible bonds make them compelling asset classes for dampening interest-rate risk. Please join Jeffrey Clarke (Lazard’s US High Yield team) and Adam Mitchell (Lazard’s capital structure and convertible strategies team) as they discuss the investment implications of these two fixed income solutions.

Featured Speakers

Jeffrey J. Clarke, CFA

Senior Vice President, Research Analyst

Jeffrey Clarke is a Research Analyst on the US High Yield team. He began working in the investment field in 1999. Prior to joining Lazard in 2002, Jeffrey was a High Yield Research Analyst and Funds Administrator with OFFITBANK, and was also previously with the Bank of New York. He has an MBA from New York University and a BA in Business Administration from Hofstra University.

Adam C. MitchellSenior Vice President, Client Portfolio ManagerAdam Mitchell is a Client Portfolio Manager for Lazard’s Global Fixed Income and all capital structure and convertibles-based strategies. Prior to joining Lazard in 2013, Adam was a Director at Wells Fargo Securities on the Convertible Securities Desk specializing in Hedge Fund coverage. Prior to that, he was a Vice President at both JPMorgan and Goldman Sachs specializing in Hedge Fund coverage within the convertible securities space. Adam began working in the investment field in 2000. He has a MA from Princeton University and a BA with Honors from Rutgers College. He holds FINRA Series 7, 31, and 63 licenses.