Steve Kern

Portfolio Manager-Fixed Income at

The de Burlo Group, Inc.

Finance

Consumer Services

Profile

Mr. Stephen F.
Kern, CFA, is a Vice President & Portfolio Manager at The de Burlo Group, Inc. He joined the firm in October 2017.
He is focusing on fixed income markets.
Since 2012, Mr. Kern has advised high schools and colleges on tax-exempt debt financings, structured and marketed a real estate debt securities fund, trademarked multi-sector defeasance strategies for rising interest rate environments, and pursued direct real estate investments, all for Montvale Investment Partners which he formed in 2012.
From 2000-2011 he was a Principal and Senior Portfolio Manager at Income Research and Management, which he joined as the tenth employee to launch the mortgage-backed securities group.
Mr. Kern earned a Bachelor of Science in Civil Engineering degree from Princeton University, a Master of Science in Real Estate degree from M.I.T., and a Master of Science degree in Finance from Boston College, in addition to the CFA designation.

Steve Kern active positions

Companies	Position	Start
The de Burlo Group, Inc. The de Burlo Group, Inc. Investment ManagersFinance The de Burlo Group work closely with their clients, tailoring each portfolio to meet their unique objectives and investment needs. The firm focuses on a company’s financial health and its valuation when selecting equities for their clients’ portfolio. They look for high-quality companies with proven business models, sound balance sheets, and dominance in their markets. For fixed income, The de Burlo Group performs total return analysis, then select individual securities such as government bonds, asset-backed securities, mortgage-backed securities, investment grade corporate bonds, high-yield, and municipal bonds when appropriate.	Portfolio Manager-Fixed Income	01/10/2017

All active positions of Steve Kern

Former positions of Steve Kern

Companies	Position	End
State Street Research & Management Co. State Street Research & Management Co. Investment Banks/BrokersFinance SSR combines bottom-up stock selection with quantitative risk controls. The Asset Allocation committee formulates the asset allocation strategy based upon the relative attractiveness, variability and correlation between the equity and fixed income markets. The committee reviews a wide range of factors that include forecasts of corporate earnings, liquidity and an assessment of macroeconomic trends. The committee formally reviews allocation targets on a monthly basis. For active equity management they combine bottom-up stock selection based on comprehensive fundamental research with explicit sector weighting decisions and quantitative risk management. Teams manage portfolios. SSR believes that fixed income security prices respond to economic fundamentals in predictable but not perfectly efficient ways. They seek to identify opportunities created by these inefficiencies through fundamental research supported by quantitative risk controls.	Corporate Officer/Principal	28/02/2000
Income Research & Management, Inc. Income Research & Management, Inc. Investment ManagersFinance IR+M’s investment philosophy is based on their belief that careful security selection and actively managing portfolio risk provides superior results over the long-term. The firm strives to deliver strong performance over the market cycle via an understandable and consistent investment process. IR+M constructs portfolios using a disciplined bottom-up investment approach to select what they believe to be the most attractive securities from the fixed income universe.	Analyst-Fixed Income	03/09/2010

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Linked companies

Private companies	6
State Street Research & Management Co. State Street Research & Management Co. Investment Banks/BrokersFinance SSR combines bottom-up stock selection with quantitative risk controls. The Asset Allocation committee formulates the asset allocation strategy based upon the relative attractiveness, variability and correlation between the equity and fixed income markets. The committee reviews a wide range of factors that include forecasts of corporate earnings, liquidity and an assessment of macroeconomic trends. The committee formally reviews allocation targets on a monthly basis. For active equity management they combine bottom-up stock selection based on comprehensive fundamental research with explicit sector weighting decisions and quantitative risk management. Teams manage portfolios. SSR believes that fixed income security prices respond to economic fundamentals in predictable but not perfectly efficient ways. They seek to identify opportunities created by these inefficiencies through fundamental research supported by quantitative risk controls.	Finance
The de Burlo Group, Inc. The de Burlo Group, Inc. Investment ManagersFinance The de Burlo Group work closely with their clients, tailoring each portfolio to meet their unique objectives and investment needs. The firm focuses on a company’s financial health and its valuation when selecting equities for their clients’ portfolio. They look for high-quality companies with proven business models, sound balance sheets, and dominance in their markets. For fixed income, The de Burlo Group performs total return analysis, then select individual securities such as government bonds, asset-backed securities, mortgage-backed securities, investment grade corporate bonds, high-yield, and municipal bonds when appropriate.	Finance
Income Research & Management, Inc. Income Research & Management, Inc. Investment ManagersFinance IR+M’s investment philosophy is based on their belief that careful security selection and actively managing portfolio risk provides superior results over the long-term. The firm strives to deliver strong performance over the market cycle via an understandable and consistent investment process. IR+M constructs portfolios using a disciplined bottom-up investment approach to select what they believe to be the most attractive securities from the fixed income universe.	Finance
Massachusetts Institute of Technology Massachusetts Institute of Technology Finance/Rental/LeasingFinance Functions as a College/University	Finance
Boston College Boston College Other Consumer ServicesConsumer Services Functions as a College/University	Consumer Services
Princeton University Princeton University Other Consumer ServicesConsumer Services Functions as a College/University	Consumer Services

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