Michael Sanchez Email & Phone Number

Los Angeles Metropolitan Area

Member of the Investment Policy and Strategy Committee (IPSC) responsible for the presentation of securitized product market updates, relative value commentary, and market analysis. Actively participate in discussions to determine broad portfolio sector overweight and underweight positioning as well as risk management strategies associated with potential allocation decisions. Contribute macro economic perspective as input for duration, yield curve, and non-dollar positioning. Regularly present to consultants, existing clients, and prospective clients portfolio results, strategies, and outlook. Help develop and research new strategies for bespoke investment requests.On a daily basis manage the securitized holdings of the firm’s portfolios. Sectors covered include agency MBS, non-agency MBS, CMBS, ABS, and CLO. Manage coupon stack positioning. Monitor and evaluate new issue pricing and structures across all sectors covered. Research collateral specifics and deal structure of potential purchases. Surveil performance of existing holdings.Write regular strategy, update, outlook, and marketing pieces for client service and business development.Ducenta Squared acquired Tortoise Credit Strategies in 2020 which had acquired Bradford & Marzec in 2016.

Greater Los Angeles Area

Oversaw all mortgage and residential ABS trading including agency-specified pools, agency CMOs, non-agency CMOs, and CMBS. Responsible for promoting and building the business. Meet directly with issuers such as Freddie Mac to discuss new issue strategies and marketing.Develop relative value opinions and actionable trade ideas for multiple sectors of the market. Model loss adjusted yields and returns on RMBS and CMBS securities. Update sales force on market conditions and flows via daily Bloomberg distributed commentary and intraday interoffice hoot communications.

West Coast MBS salesTasked to build out structured product business with west coast institutional clients. Successfully established several new business relationships with key accounts for RBC.

Institutional MBS/ABS Sales:Covered diverse group of major national accounts, focusing on mortgage, asset-backed and commercial securitized products. Leveraged buy side experience to add value for clients.

Fixed Income Sales.Covered a wide variety of accounts, including money mangers, hedge funds and insurance companies.

Proprietary Trader:Successfully established an absolute return mortgage trading desk within the broker dealer, total position size averaged 30-50MM. Developed trading strategies and risk analytics for trading book as well as coordinating trading desk activity with research team efforts. Acquired in-depth knowledge of mortgage lending and securitization market.Institutional Sales:Joined established sales team and generated $6-10MM of gross sales production annually. Effectively brought buy side expertise to sales desk, thus enhancing team’s client penetration.

Portfolio Manager:Head of fixed income investment team. Rebuilt firms fixed income effort while maintaining portfolio performance and managing client and consultant relationships. Significantly involved in all aspects of client service and marketing. Oversaw integration and coordination of group with new multi-billion AUM overseas investment partner.• Built a strong performance track record resulting in tripling of assets under management from ~600MM to ~2,000MM.• Developed and mentored young analyst team.• Responsible for all significant client and consultant relationships. • Participated in development and presentation of finals marketing presentations.

Portfolio Manager:Led fixed income group and directed a bottom-up investment strategy while developing long-term business development plan. Developed and coordinated macro economic viewpoints with equity team as member of the investment committee. Conceived and executed portfolio investment strategies utilizing investment grade sectors of market, including municipal bonds. Identified new business opportunities with a retail product and developed unique implementation strategies.

Mba, Finance

Bs, Applied Chemistry