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Jay Menozzi, CFA

Chief Investment Officer
Portfolio Manager
Orange Investment Advisors

Jay Menozzi headshot

Jay is the Chief Investment Officer and Portfolio Manager at Orange Investment Advisors, an Easterly Strategic Partner.

Prior to founding Orange Investment Advisors in 2017, Jay held several positions over 17 years at Semper Capital LP. He joined Semper in 1999 as the Head of Mortgages, and served as the firm’s Chief Investment Officer from 2010 until his departure in 2016, as well as Lead Portfolio Manager of the Semper MBS Total Return Fund from its inception through until his departure in 2016. Prior to Semper, Jay spent 12 years at Atlantic Portfolio Analytics and Management. His experience included managing mortgage pass-throughs and mortgage derivatives, in long only and leveraged portfolios.

Prior to managing portfolios, he spent four years developing analytical and operational systems, including one of the early CMO cash flow models. He began his career as an electrical engineer at Harris Corp. where he earned a patent for a digital radar design. Jay holds a B.S. in Electrical Engineering from the Massachusetts Institute of Technology and a M.B.A. from the Florida Institute of Technology.

Jay's Latest Perspectives

Q3 2024 Income Opportunities Fund Commentary

The Federal Reserve (the Fed) was able to deliver its much-telegraphed pivot to an easing cycle at the September Federal Open Market Committee (FOMC) meeting after having left Fed Funds unchanged for almost 14 months. However, Fed Chairman Powell surprised many investors by lowering Fed Funds by 50 basis points (bps) in what he described as a “recalibration” accompanied by hawkish language.

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Jay's News & Media Mentions

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