J.P. Morgan not only captures the top spot on Institutional Investor’s All-America Fixed-Income Research Team for a seventh straight year, it also lays claim to more analysts and teams considered the best in their coverage areas than any other firm but Bank of America Merrill Lynch (which lands in second place overall). The latter firm has 15 sector champions; the former, 14.
Listed below by industry are this year’s top-ranked individuals in both High Yield and Investment Grade, and below that are the winning teams in Economics & Strategy:
Aerospace & Defense
IG: Brian Jacoby (see also Transportation)
Goldman, Sachs & Co.
Autos & Auto Parts
HY: Douglas Karson (see also Manufacturing)
Bank of America Merrill Lynch
IG: Douglas Karson
Bank of America Merrill Lynch
Banks
IG: James Strecker (see also Nonbank Financials)
Wells Fargo Securities
Basic Industries
IG: S. Karl Blunden
Goldman, Sachs & Co.
Broadcasting & Publishing
HY: J. Davis Hebert
Wells Fargo Securities
Building
HY: Susan Berliner (see also Gaming & Lodging)
J.P. Morgan
Cable & Satellite
HY: Jason Kim
Goldman, Sachs & Co.
Chemicals
HY: Roger Spitz (see also Paper & Packaging)
Bank of America Merrill Lynch
Consumer Products
HY: M. Grant Jordan
Wells Fargo Securities
IG: Todd Duvick (see also Retailing)
Wells Fargo Securities
Electric Utilities
HY: Peter Quinn
Bank of America Merrill Lynch
IG: Peter Quinn
Bank of America Merrill Lynch
Energy
HY: Gary Stromberg
Barclays
IG: Harry Mateer
Barclays
Financials
HY: Mark Hammond
Bank of America Merrill Lynch
Food & Beverages
HY: Bryan Hunt
Wells Fargo Securities
Gaming & Lodging
HY: Susan Berliner (see also Building)
J.P. Morgan
Health Care
HY: Larry Bland
Bank of America Merrill Lynch
IG: Hima Inguva
Bank of America Merrill Lynch
Insurance
IG: Robert Hauff
Wells Fargo Securities
Manufacturing
IG: Douglas Karson (see also Autos & Auto Parts)
Bank of America Merrill Lynch
Manufacturing/General Industrials
HY: Manish Somaiya (see also Services)
Citi
Media & Entertainment
IG: J. Nicole Black Skinner
Wells Fargo Securities
Metals & Mining
HY: David Deterding
Wells Fargo Securities
Nonbank Financials
IG: James Strecker (see also Banks)
Wells Fargo Securities
Paper & Packaging
HY: Roger Spitz (see also Chemicals)
Bank of America Merrill Lynch
Real Estate Investment Trusts
IG: Thierry Perrein
Wells Fargo Securities
Retailing
HY: William Reuter
Bank of America Merrill Lynch
IG: Todd Duvick (see also Consumer Products)
Wells Fargo Securities
Services
HY: Manish Somaiya (see also Manufacturing/General Industrials)
Citi
Technology
HY: Ana Goshko (see also Telecommunications Services)
Bank of America Merrill Lynch
IG: Scott Wipperman (see also Telecommunications Services)
Goldman, Sachs & Co.
Telecommunications Services
HY: Ana Goshko (see also Technology)
Bank of America Merrill Lynch
IG: Scott Wipperman (see also Technology)
Goldman, Sachs & Co.
Transportation
HY: Mark Streeter
J.P. Morgan
IG: Brian Jacoby (see also Aerospace & Defense)
Goldman, Sachs & Co.
Economics & Strategy
Agency-Structured Products Strategy
Nicholas Maciunas, Brian Ye & team (see also Prepayments Strategy and Residential Mortgage-Backed Securities Strategy/Agency)
J.P. Morgan
Bond Market Indexes
Nicholas Gendron & team
Barclays
Collateralized Loan Obligations
John David Preston & team
Wells Fargo Securities
Commercial Mortgage-Backed Securities Strategy
Alan Todd & team
Bank of America Merrill Lynch
Commodities
Jeffrey Currie & team
Goldman, Sachs & Co.
Consumer Asset-Backed Securities Strategy
Theresa O’Neill & team
Bank of America Merrill Lynch
Credit Derivatives
Eric Beinstein, Dominique Toublan & team (see also Investment-Grade Strategy)
J.P. Morgan
Currency/Foreign Exchange
Calvin Tse & team
Morgan Stanley
Economics
Jan Hatzius & team
Goldman, Sachs & Co.
Fixed-Income Strategy
Matthew Jozoff, Alex Roever & team (see also Residential Mortgage-Backed Securities Strategy/Agency and Short-Duration Strategy)
J.P. Morgan
High-Yield Strategy
Peter Acciavatti & team
J.P. Morgan
Interest Rate Derivatives
Joshua Younger & team
J.P. Morgan
Investment-Grade Strategy
Eric Beinstein & team (see also Credit Derivatives)
J.P. Morgan
Municipals Strategy
Peter DeGroot & team
J.P. Morgan
Prepayments Strategy
Brian Ye & team (see also Agency-Structured Products Strategy and Residential Mortgage-Backed Securities Strategy/Agency)
J.P. Morgan
Residential Mortgage-Backed Securities Strategy/Agency
Matthew Jozoff, Brian Ye & team (see also Agency-Structured Products Strategy, Fixed-Income Strategy and Prepayments Strategy)
J.P. Morgan
Residential Mortgage-Backed Securities Strategy/Nonagency
Kaustub Samant, John Sim & team
J.P. Morgan
Short-Duration Strategy
Teresa Ho, Alex Roever & team (see also Fixed-Income Strategy)
J.P. Morgan
Technical Analysis
David Ader, Ian Lyngen (see also U.S. Rates Strategy)
CRT Capital Group
Treasury Inflation-Protected Securities
Michael Pond & team
Barclays
U.S. Rates Strategy
David Ader, Ian Lyngen (see also Technical Analysis)
CRT Capital Group
II’s 2016 All-America Fixed-Income Research Team reflects the opinions of nearly 1,900 portfolio managers and buy-side analysts at some 535 institutions that oversee an estimated $9.7 trillion in U.S. fixed-income assets.