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Brooklyn Quant Experience Lecture Series: Andy Brenner

Academic,
Seminar / Lecture
 
Open to the Public

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*Please note a meeting password is required for this event.
Meeting ID: 976 6171 3167
Password: 026377

The Department of Finance & Risk Engineering welcomes Dr. Andy Brenner from NatAlliance Securities for a special Brooklyn Quant Experience (BQE) Lecture Series* to present "Q and A Session: Risk and Reward in the Fixed-Income Market - Where are We Now?".

Abstract

The dislocations caused by the Covid-19 crisis extend across all parts of the economy (corporate, consumer, and the public sector) and the financial markets.  In response we have seen aggressive intervention on the fiscal side (most notably the $2 trillion CARES Act) and via the various bond-buying and liquidity programs initiated by the Fed.  The magnitude of these actions and the fact that broad stimulus has been rolled out for: [1] the consumer, businesses, and the corporate sector; and [2] the stabilization of financial-asset valuations are unprecedented.

This talk will explain some of the basic valuation parameters in the fixed-income markets, how these metrics were upended by the swift arrival of the crisis, and the current sentiment on where we stand as the Fed and Treasury actions work through the system.  Of particular interest:  What’s been the reliability of the “usual suspects” for the valuation of “structure” and “credit”?  The performance of these sectors has always exhibited connections to the “real economy” (consumer and business) and to the decision-making and risk attitudes of institutional investors.

What is the scorecard so far on the effectiveness of these policy steps?  Which valuation relationships and economic metrics do we examine to get a clear perspective on where we are and where we might be headed?

Bio

Andy Brenner has worked in the financial industry for over 25 years.  He has held senior positions at Nomura, Societe Generale-FIMAT, and Guggenheim.  For the last eight years he has been the head of international fixed income at NatAlliance Securities, an Austin, Texas-based regional dealer.  In his career Mr. Brenner has managed dealerships and is currently a senior partner with NatAlliance.  

Mr. Brenner is a frequent commentator on CNBC with Rick Santelli (Mr. Santelli refers to Mr. Brenner as "Mr. Fixed Income"); he also appears regularly with Liz Claman on the Fox Business network.  He is quoted often by Reuters, the Financial Times, and The Wall Street Journal.

Mr. Brenner is on the board of Oak Hill Capital, a hedge fund.  He is the treasurer of the Maine Jewish Museum and on the boards of two children's pediatric cancer charities (Children’s Cancer Research Fund of New York Medical College and the Maine Children’s Cancer Research Fund, affiliated with the Maine Medical Center).

Mr. Brenner graduated from The Wharton School of the University of Pennsylvania with a bachelor’s degree in accounting and an MBA.  He was also awarded a degree in international economics from the College of Arts and Sciences at Penn.  He holds the CPA designation.

He splits his time between New York, Maine, and Austin, Texas.

*This special BQE Lecture Series will take place at 4:30 p.m. 
Attendance is free and highly encouraged. When possible, slides will be made available after the talk.