The 2016 All-America Fixed-Income Research Team: Key Figures

The 2016 All-America Fixed-Income Research Team survey covers reporting on high-yield and investment-grade instruments and includes both individual- and team-based approaches. Here are some highlights from this year’s results.

Most popular analysts (as measured by number of votes cast):

• Harry Mateer of Barclays, Energy (IG), first place

• Bryan Hunt of Wells Fargo Securities, Food & Beverages (HY), first place

• Gary Stromberg of Barclays, Energy (HY), first place

• James Spicer of Wells Fargo Securities, Energy (HY), second place

• Todd Duvick of Wells Fargo Securities, Consumer Products (IG)

Most popular individual-based sectors (as measured by number of voters*):

• Energy (HY) (winner: Gary Stromberg, Barclays)

• Energy (IG) (Harry Mateer, Barclays)

• Health Care (HY) (Larry Bland, Bank of America Merrill Lynch)

• Retailing (HY) (William Reuter, Bank of America Merrill Lynch)

• Cable & Satellite (HY) (Jason Kim, Goldman, Sachs & Co.)

Most popular individual-based sectors (as measured by number of votes*):

• Energy (HY) (winner: Gary Stromberg, Barclays)

• Retailing (HY) (William Reuter, Bank of America Merrill Lynch)

• Health Care (HY) (Larry Bland, Bank of America Merrill Lynch)

• Cable & Satellite (HY) (Jason Kim, Goldman, Sachs & Co.)

• Telecommunications Services (HY) (Ana Goshko, Bank of America Merrill Lynch) 

Most popular crews (as measured by number of votes cast):

• Matthew Jozoff, Brian Ye & team of J.P. Morgan, Residential Mortgage-Backed Securities Strategy/Agency

• Alan Todd & team of Bank of America Merrill Lynch, Commercial Mortgage-Backed Securities Strategy

• Matthew Jozoff, Alex Roever & team of J.P. Morgan, Fixed-Income Strategy

• Peter Acciavatti & team of J.P. Morgan, High-Yield Strategy

• Jan Hatzius & team of Goldman, Sachs & Co., Economics

Most popular team-based sectors (as measured by number of voters*):

• Fixed-Income Strategy (winner: Matthew Jozoff, Alex Roever & team, J.P. Morgan)

• Economics (Jan Hatzius & team, Goldman, Sachs & Co.)

• U.S. Rates Strategy (David Ader & Ian Lyngen, CRT Capital Group)

• High-Yield Strategy (Peter Acciavatti & team, J.P. Morgan)

• Commercial Mortgage-Backed Securities Strategy (Alan Todd & team, Bank of America Merrill Lynch)

Most popular team-based sectors (as measured by number of votes*):

• Fixed-Income Strategy (winner: Matthew Jozoff, Alex Roever & team, J.P. Morgan)

• Economics (Jan Hatzius & team, Goldman, Sachs & Co.)

• U.S. Rates Strategy (David Ader & Ian Lyngen, CRT Capital Group)

• High-Yield Strategy (Peter Acciavatti & team, J.P. Morgan)

• Commercial Mortgage-Backed Securities Strategy (Alan Todd & team, Bank of America Merrill Lynch)

(*Survey participants may name up to four analysts per sector.)

Nine researchers are champions in the following sectors for the first time:

• Susan Berliner of J.P. Morgan, Gaming & Lodging (HY)

• S. Karl Blunden of Goldman, Sachs & Co., Basic Industries (IG)

• Mark Hammond of Bank of America Merrill Lynch, Financials (HY)

• J. Davis Hebert of Wells Fargo Securities, Broadcasting & Publishing (HY)

• Brian Jacoby of Goldman, Sachs & Co., Transportation (IG)

• Douglas Karson of Bank of America Merrill Lynch, Autos & Auto Parts (IG)

• James Strecker of Wells Fargo Securities, Nonbank Financials (IG)

• Calvin Tse and his Morgan Stanley teammates, Currency/Foreign Exchange

• Scott Wipperman of Goldman, Sachs & Co., Telecommunications Services (IG)

Ten individuals finish in first place in more than one sector:

• Susan Berliner of J.P. Morgan

— Building (HY)

— Gaming & Lodging (HY)

• Todd Duvick of Wells Fargo Securities

— Consumer Products (IG)

— Retailing (IG)

• Ana Goshko of Bank of America Merrill Lynch

— Technology (HY)

— Telecommunications Services (HY)

• Brian Jacoby of Goldman, Sachs & Co.

— Aerospace & Defense (IG)

— Transportation (IG)

— Also ranks second in Autos & Auto Parts (IG) and third in Autos & Auto Parts (HY) and Manufacturing (IG)

• Douglas Karson of Bank of America Merrill Lynch

— Autos & Auto Parts (HY)

— Autos & Auto Parts (IG)

— Manufacturing (IG)

— Also ranks third in Aerospace & Defense (IG)

• Peter Quinn of Bank of America Merrill Lynch

— Electric Utilities (HY)

— Electric Utilities (IG)

• Manish Somaiya of Citi

— Manufacturing/General Industrials (HY)

— Services (HY)

— Also ranks second in Autos & Auto Parts (HY)

• Roger Spitz of Bank of America Merrill Lynch

— Chemicals (HY)

— Paper & Packaging (HY)

• James Strecker of Wells Fargo Securities

— Banks (IG)

— Nonbank Financials (IG)

• Scott Wipperman of Goldman, Sachs & Co.

— Technology (IG)

— Telecommunications Services (IG)

— Also ranks second in Media & Entertainment (IG)

Seven other individuals top one sector while also ranking in at least one other:

• J. Nicole Black Skinner of Wells Fargo Securities

— Media & Entertainment (IG), first place

— Technology (IG), second place

— Telecommunications Services (IG), second place

• J. Davis Hebert of Wells Fargo Securities

— Broadcasting & Publishing (HY), first place

— Cable & Satellite (HY), runner-up

— Telecommunications Services (HY), third place

• M. Grant Jordan of Wells Fargo Securities

— Consumer Products (HY), first place

— Retailing (HY), third place

• Jason Kim of Goldman, Sachs & Co.

— Cable & Satellite (HY), first place

— Telecommunications Services (HY), second place

• Harry Mateer of Barclays

— Basic Industries (IG), second place

— Energy (IG), first place

• William Reuter of Bank of America Merrill Lynch

— Consumer Products (HY), runner-up

— Retailing (HY), first place

• Mark Streeter of J.P. Morgan

— Real Estate Investment Trusts (IG), second place

— Transportation (HY), first place

— Transportation (IG), second place

Six analysts oversee more than one top-ranked team:

• David Ader of CRT Capital Group

— Technical Analysis (with Ian Lyngen)

— U.S. Rates Strategy (with Ian Lyngen)

— Also oversees a runner-up team in Fixed-Income Strategy (with Ian Lyngen)

• Eric Beinstein of J.P. Morgan

— Credit Derivatives (with Dominique Toublan)

— Investment-Grade Strategy

• Matthew Jozoff of J.P. Morgan

— Fixed-Income Strategy (with Alex Roever)

— Residential Mortgage-Backed Securities Strategy/Agency (with Brian Ye)

• Ian Lyngen of CRT Capital Group

— Technical Analysis (with David Ader)

— U.S. Rates Strategy (with David Ader)

— Also oversees a runner-up team in Fixed-Income Strategy (with David Ader)

• Alex Roever of J.P. Morgan

— Fixed-Income Strategy (with Matthew Jozoff)

— Short-Duration Strategy (with Teresa Ho)

— Also directs the No. 3 team in U.S. Rates Strategy (with John [Jay] Barry)

• Brian Ye of J.P. Morgan

— Agency-Structured Products Strategy (with Nicholas Maciunas)

— Prepayments Strategy

— Residential Mortgage-Backed Securities Strategy/Agency (with Matthew Jozoff)

Number of analysts and team leaders who appear on the roster: 174

Number of firms they represent: 11

Number of analysts who meet the survey’s eligibility criteria: 292*

Number of firms they represent: 32*

Number of analysts making their first appearance on the team: 28 (the full list can be found here)

*Data regarding analysts and firms not appearing here are available from the Institutional Investor Research Group; for information please contact Esther Weisz at 212-224-3307 or eweisz@iiresearchgroup.com.

Number of participating buy-side individuals: 1,900

Number of participating buy-side institutions: 535

Total U.S. fixed-income assets under management of participating buy-side institutions: $9.7 trillion.

Note: This file was updated to correct an error in the list of Most popular analysts (as measured by number of votes cast).