DoubleLine Deputy CIO, Jeffrey Sherman shares with CNBC’s Sara Eisen and Carl Quintanilla his strategy for fixed income with a balanced portfolio offsetting the risks of higher-yielding credit with longer-dated Treasuries. He adds this is not a time to add to credit and if you don't own enough duration, it is an attractive entry point. Moving to the economy, Mr. Sherman notes the uptick in delinquencies in consumer loans (credit cards, autos and marketplace loans) and even some lower FICO mortgages suggesting more pressure on the so-far resilient consumer.
Jeffrey Sherman, DoubleLine’s Deputy Chief Investment Officer, is a thought leader, portfolio manager and public speaker in the industry. Mr. Sherman is a member of DoubleLine’s Fixed Income and Global Asset Allocation committees, and he serves as lead portfolio manager for the firm’s multi-sector and derivative-based strategies. In his role, Mr. Sherman guides the investment teams in developing top-down macro views and collaborative asset allocation processes throughout a market cycle. Additionally, he is a member of DoubleLine’s Executive Management Committee. In 2018, Money Management Executive named Mr. Sherman as one of “10 Fund Managers to Watch” in its yearly special report. Prior to joining DoubleLine in 2009, Mr. Sherman was a Senior Vice President at TCW, where he worked as a portfolio manager and quantitative analyst focused on fixed income and real-asset portfolios. Prior to that, he was a statistics and mathematics instructor at the University of the Pacific and Florida State University. Mr. Sherman taught Quantitative Methods for Level I candidates in the USC/CFALA CFA® Review Program for many years. He holds a B.S. in Applied Mathematics from the University of the Pacific and an M.S. in Financial Engineering from Claremont Graduate University. Mr. Sherman is a CFA® charterholder.
