Despite headlines highlighting risks to commercial real estate (CRE) fundamentals, the non-Agency commercial mortgage-backed securities (CMBS) market has outperformed many other fixed-income sectors to start the year. That said, uncertainty remains, and the dispersion of potential outcomes across property types and bond structures allows the opportunity for active management to generate attractive risk-adjusted returns across a variety of interest rate and economic scenarios.
Mr. Chen joined DoubleLine at its inception in 2009. He is a Portfolio Manager leading the CMBS/CRE Debt Investment team and CRE New Investment Review Group, and is responsible for the oversight and management of all CRE Debt related investments at DoubleLine. Mr. Chen is a permanent member of the Fixed Income Asset Allocation and Structured Products Committees providing valued insight into the CMBS sector. He is also an active participant and speaker at CREFC events. Prior to DoubleLine, Mr. Chen was a Vice President at TCW where he was responsible for CMBS credit analysis and trading from 2004-2009. He holds a BS in Business Administration with concentrations in Business Development and Finance from the University of California, Riverside.
