Chief Investment Officer
Portfolio Manager
Orange Investment Advisors
Jay is the Chief Investment Officer and Portfolio Manager for Orange Investment Advisors.
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.
One of the key performance drivers for the quarter was duration, with long duration assets posting the best performance among risk assets. Over the course of the first quarter, the 2-year yield dropped 40bp, the 10-year yield was down 41bp and the 30-year yield declined 31bp.
Learn MoreStructured Credit can benefit investors in a number of ways, including the potential for relatively high risk-adjusted returns, attractive monthly income, portfolio diversification, and limited exposure to duration and credit risk.
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