March 20, 2018—As investors, one of our most important jobs at this point in the market cycle is watching for red flags that could signal the beginning of a bear market (often defined as a -20% selloff). One indicator that acted as such a red flag during the financial crisis was the spread, or difference, between the London interbank offered rate (LIBOR) and the Overnight Index Swap (OIS) rate.
Randy is responsible for all investment-grade credit research for taxable fixed income. He oversees the credit review process, which includes a thorough analysis and review of approved issuers. Randy is also responsible for assisting in the management of taxable fixed income portfolios. He provides a thorough analysis of trends in the credit markets and relative value opportunities. His analysis focuses on identifying relative value opportunities that may help to maximize performance and minimize risk across taxable fixed income portfolios.
Randy re-joined Wilmington Trust in 2008 after spending two years with PNC Capital Advisors as a Senior Credit Analyst covering the banks, brokerage, utility, and telecommunication industries.
Randy holds a master’s degree from Temple University and a bachelor’s degree in Business Administration from the University of Delaware. He received his CFA® designation in 2000. Randy is a member of the Financial Analysts of Philadelphia.