Masters in Business Fixed Income Credit Analyst to Bond Manager With Loomis Sayles
Jul 11, 2024
Matt Eagan, Portfolio manager at Loomis Sayles, shares insights on bond assessment, market evaluation, and Fed predictions. He discusses his journey from commercial banking to fixed income investing, managing fixed income portfolios, reflections on the 2008 financial crisis, dynamics of the bond market, and advice for college grads entering the investment industry.
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Career Shift
- Matt Eagan initially planned to be an electrical engineer but discovered his passion for finance through Northeastern's co-op program.
- He transitioned to business school after realizing engineering wasn't a good fit.
1980s Real Estate Crisis
- As a credit analyst in the 1980s, Eagan witnessed the burst of a real estate bubble.
- Loan officers became landlords after taking on losses from underwritten loans during the crisis.
Liberty Mutual Experience
- Eagan's move to Liberty Mutual stemmed from networking and the advice to pursue an MBA.
- His time at Liberty Mutual provided invaluable experience in fixed income investing.