High-Quality Securitized Products - An Optimal Diversifier for LDI Portfolios
An analysis into why we believe high-quality securitized products fit within the asset allocation options of an LDI portfolio.
Prudential Tower
655 Broad Street
Newark, NJ, United States
Prudential Tower
655 Broad Street
Newark, NJ, United States
Gabe Rivera is a Managing Director and Co-Head of PGIM Fixed Income’s Securitized Products Team. Mr. Rivera is a portfolio manager of dedicated securitized products portfolios and is also responsible for overseeing securitized product security selection across all of the firm's strategies. Additionally, Mr. Rivera is an active member of the Latinx Executive Leadership team at PGIM. Prior to joining the Firm in 2016, Mr. Rivera headed the Commercial Mortgage-Backed Securities (CMBS) trading desk at Barclays Capital where he oversaw trading in all conduit, single asset single borrower (SASB), and synthetics. Mr. Rivera began his career as an analyst within Blackrock's Mortgage Research Group focusing on the development and implementation of non-agency mortgage models and analytics. Later at Blackrock, he transitioned into the portfolio management group where he focused on non-agency RMBS investing. Mr. Rivera earned a BS in Electrical and Computer Engineering from Cornell University and a MS from Columbia University in Operations Research and Industrial Engineering.
An analysis into why we believe high-quality securitized products fit within the asset allocation options of an LDI portfolio.
Securitized products provide ample scope for some key elements of relative-value investing and offer varying degrees of credit risk throughout the capital structure.
A discussion of the ins and outs of securitized products, what opportunities we like and those we don’t, and our current positioning.
All information as of September 30, 2022. For purposes of the biographies, the “Firm” is defined as Prudential Financial, Inc. ("PFI"). All PGIM and Prudential named entities are subsidiaries or affiliates of PFI. PFI of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom.