Marquette Speaking at Institutional Investor 2026 Redefining Fixed Income Forum 5/20

March 23, 2026

On Wednesday, May 20, Greg Leonberger, FSA, EA, MAAA, FCA and James Torgerson will be speaking at the 12th Annual Redefining Fixed Income Forum hosted by Institutional Investor in Chicago: Optimizing Core Portfolios & Capturing Returns in the Expanding Credit Universe.

Greg will be moderating a morning panel and interactive discussion entitled “A Temperature Check on the Convergence of Public and Private Fixed Income, the Economy, Yield Spreads and Fed Policy” described as follows: Taking a temperature reading of the economy and financial markets among institutional allocators today will result in a variety of forecasts, ranging from highly cautious to highly optimistic. While official economic numbers provide hope, there are some pockets of the economy that are casting a shadow, including persistent, elevated costs for consumers, tempered earnings projections, and a stalling housing market.

• What is causing the divergence in official numbers versus investor sentiment?
• How split are allocators on the economic outlook for the US and the rest of the world?
• Are global investment allocations starting to look more appealing than in previous years?
• How much of an impact is the new Federal Reserve leadership and their policies expected to have on asset valuations and investor appetite?
  · Will it dampen appetite for floating rate assets?
  · Will it have a material impact on core allocations?
  · Are yield spreads expected to widen or continue to remain tight, and how will that impact risk appetite?
• Has the mention of potential “cockroaches” in the credit markets been a cause for concern?
• Are allocators shifting towards a “total credit” investment approach as the lines between public and private fixed income markets get blurred?
  · What impact is that having on the skills needed to manage credit portfolios today?
  · How is this shift impacting risk, transparency and the ability to comply with regulations and internal investment policies?

In the afternoon, James will be joining “Which Slice of the Risk Pie Do You Want Exposure to in Your Structured Credit Portfolio in the Current Market Environment?” described as follows: In a credit market where spreads are at historically tight levels, diversification out of crowded trades make sense. In a crowded credit market where allocators are concerned about pockets of rising economic risks, subordinated debt tranches may make more sense versus increasing exposure to high yield assets. So which slice of the risk pie makes sense to allocators against the backdrop of the current economic landscape?

• How well have subordinated tranches performed in recent years and does it make sense to increase or decrease allocations in the current market?
• Which tranche presents the greatest “sweet spot” for investors if interest rates continue to decline?
• Do allocators prefer funds that have publicly or privately traded instruments, or a blend of both?
• Which vehicle and liquidity structures are institutional investors keener on?
• Has there been an uptick in creditor-on-creditor violence and how has it impacted allocators?
• What impact will even a watered-down version of Basel III Endgame Rules have on the potential growth and size of the structured credit market?
• Are investors experiencing an uptick in SRT deals and are they comfortable with the associated risks?

The Redefining Fixed Income Forum will bring together allocators from insurance companies, pension funds, and endowments & foundations and cover key drivers influencing fixed income investing decisions, including projected economic conditions, interest rates, potential issues around credit quality, and the growth of the alternative credit market. For more information, please visit the event website.