Sommers: IR+M Avoided High-Risk Credit Ahead of the 2008 Crisis
Jack Somers · Jack Sommers – Core Fixed Income at IR+M (Manager Meetings, EP.39) · Oct 20, 2022 · at 13:55
Jack Sommers, co-founder of fixed income manager Income Research and Management (IR&M), discusses pivotal strategic decisions in the firm's history.
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“And then from a investing perspective, if you think back to 2006 and 2007 and what was going on, we basically said no to the quote, picking up pennies in front of the bulldozer. That, in hindsight, was obviously a very good decision. That was huge.”
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