Welcome to FIASI

06/17/21 | Authors present their Winning Research Papers

The Fixed Income Analysts Society (FIASI) in collaboration with Fordham University’s Center for Research in Contemporary Finance and the O’Shea Center for Credit Analysis and Investment are pleased to host an early evening virtual presentation by the authors of three winning research papers in the ESG in Fixed Income Research Competition.

On April 23, 2021 FIASI and Fordham University’s Gabelli School of Business announced the winners of three undergraduate and graduate student research papers, as part of the first annual Student Research Competition on environmental, social and governance (ESG) focused investments and innovations. The following winners will present their research paper findings and engage in brief Q&A sessions.

• Undergraduate research paper
  • Julia de Xavier, Resham Sansi (faculty advisor: N.K. Chidambaran): pdf The Impact of ESG Scores on Bond Yields and Bond Characteristics (469 KB) . The paper examines whether issuer ESG ratings affect bond yields, bond ratings, and the covenants on bonds.   
• Graduate research papers
  • Eun-Hee Kim and Mingying Cheng: pdf Strategic Environmental Disclosure and Financial Materiality (868 KB) . The paper evaluates how firms with poor environmental performance manage the tension between the pressure to disclose environmental information and the desire to avoid financial repercussions.
  • Elsa Allman and Joonsung Won: pdf The Effect of ESG Disclosure on Corporate Investment Efficiency (467 KB) . The paper examines the effect of environmental, social and governance (ESG) disclosure on investment efficiency using the adoption of Directive 2014/95/EU as a quasi-natural shock on disclosure quality.    

Details regarding the 2nd annual competition will be announced in early September 2021.  

• When: Thursday, June 17, 2021 at 4:00 PM EDT
• Opening remark by Dr. Donna Rapaccioli, Dean of Gabelli School of Business, Fordham University
• Opening remark by Larry White, Fixed Income Analysts Society, Inc. 
• Presentation (with Q&As) by Julia de Xavier and Resham Sansi, moderated by Dr. An Yan, Fordham University
  "The Impact of ESG Scores on Bond Yields and Bond Characteristics."
• Presentation (with Q&As) by Elsa Allman and Joonsung Won, moderated by Dr. Sris Chatterjee, Fordham University
  "The Effect of ESG Disclosure on Corporate Investment Efficiency."
• Presentation (with Q&As) by Eun-Hee Kim and Mingying Chen, moderated by Gregg Lemos-Stein, Fixed Income Analysts Society, Inc.
  "Strategic Environmental Disclosure and Financial Materiality."
• Closing Remark by Henry Shilling, Fixed Income Analysts Society, Inc. 

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06/22/21 | CLO's Outstanding Investor Series

CLOs occupy the intersection of corporate credit analysis and structured finance. Despite the fears of many, CLOs have weathered the COVID crisis in good shape. The real action in this area is with the subordinated tranches and few have seen more than our well-regarded, well-respected panelists.

Our experts will explain the ins and outs of this durable asset class from the perspective of investors: how to make money, avoid losses, and grow a solid business.

Moderator:

• Lee Shaiman, Executive Director for the Loan Syndications and Trading Association (LSTA), 

Panelists: 

• Charles Arduini, Partner, Ares Credit Group
• John Kim, CEO and CIO of Panagram Structured Asset Management
• Tom Majewski, CEO of Eagle Point

As always, members' participation is free. Non-member fee is $30.00

• When: Tuesday, June 22, 2021 at 6pm edt
• Where: Virtual and Recorded

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6/23/21 | Annual Meeting & Vote

Join Us for our ANNUAL MEETING and Vote!  

Once again we will be hosting it on Zoom so we hope that you will come prepared for ....

1. To hear about the exciting events we have planned for the Fiscal Year 2021/2022.
2. To join hear about our new committee structure and how we've grown during the past 12 months.
3. To share an interesting story about working remotely during the Covid-19 pandemic.

Event Details: Wednesday, June 23, 2021 from 6pm EDT

Location: Virtual via Zoom, details will be sent under separate cover from

Click here to see the Biographies, Slate of Officers and to vote, please sign in and then click here: Proxy 

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COVID-19 Research shared by our Corporate Sustaining Member Firms

New to FIASI?

The Fixed Income Analysts Society is dedicated to the education of its membership and the fixed income community at large. FIASI serves its members by sponsoring frequent, high quality educational programs and workshops covering topics of current interest to research analysts, portfolio managers, and other fixed income professionals. FIASI also sponsors an annual Hall of Fame ceremony to recognize lifetime achievements of outstanding practitioners in the advancement of fixed income security and portfolio analysis.

The Fixed Income Analysts Society is comprised of fixed income professionals who value the opportunity to learn, network and discuss important fixed income topics with colleagues across the industry. We draw from all disciplines – buy side, sell side, intermediaries, quants and academics – and all sectors – credit, rates, economics, securitized products, foreign exchange, emerging markets, municipal finance and commodities. Seasoned professionals as well as those new to the industry will reap the benefits of FIASI membership.

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