{"podcast":{"title":"InsuranceAUM.com","slug":"insuranceaum-com-113748","podcast_index_feed_id":113748,"rss_url":"https://feed.podbean.com/insuranceaumjournal/feed.xml","website_url":"https://insuranceaum.com/","image_url":"https://pbcdn1.podbean.com/imglogo/image-logo/7233232/Apple-Channel-Podcast-Cover-Final.png","author":"InsuranceAUM.com","episode_count":100,"summary":"Tune in to the InsuranceAUM.com Podcast, hosted by our Founder and Senior Advisor, Stewart Foley, CFA. Our podcast features insightful conversations with CIOs, asset managers, and other distinguished professionals in the insurance asset management industry. Each episode delves into the latest trends, challenges, and opportunities, providing listeners with valuable perspectives and practical advice. Don’t miss out on these engaging discussions that are essential for insurance investors and asset managers.","last_synced_at":"2026-07-16T04:19:50.138266+00:00","page_url":"https://stenobird.com/podcast/insuranceaum-com-113748"},"episode":{"title":"Episode 357: Lessons from the Tranches: How to Pick Good Bonds in Securitized Credit","slug":"episode-357-lessons-from-the-tranches-how-to-pick-good-bonds-in-securitized-credit","published_at":"2026-02-23T06:21:00+00:00","page_url":"https://stenobird.com/podcast/insuranceaum-com-113748/episode-357-lessons-from-the-tranches-how-to-pick-good-bonds-in-securitized-credit","show_page_url":"https://stenobird.com/podcast/insuranceaum-com-113748","url":"https://insuranceaumjournal.podbean.com/e/episode-357-lessons-from-the-tranches-how-to-pick-good-bonds-in-securitized-credit/","audio_url":"https://mcdn.podbean.com/mf/web/eyxk3gdkp8ibwn77/IAP_-_Victory_Capital_-_Noah_Funderburk_v26br74.mp3","summary":"Noah Funderburk, Portfolio Manager and Director of Securitized Credit at Pioneer Investments, joins the InsuranceAUM.com Podcast for a deep dive into the mechanics that matter most in structured credit. In this episode, he explores why risk and discomfort are often the source of return, how credit risk and interest rate convexity can compound drawdowns, and why sponsor incentives should never be overlooked. The conversation moves beyond headline yield to focus on tranche-level analysis, correlation risk, asset obsolescence, and securitization structures that delever over time. For insurance investors allocating to ABS, RMBS, CMBS, and multi-sector portfolios, this discussion offers a practical framework for evaluating complexity, pricing uncertainty, and managing downside risk in an evolving market environment.","meta_description":"Noah Funderburk, Portfolio Manager and Director of Securitized Credit at Pioneer Investments, joins the InsuranceAUM.com Podcast for a deep dive into the…","key_points":[],"chapters":[],"topics":[],"duration_seconds":1573,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/insuranceaum-com-113748/episodes/episode-357-lessons-from-the-tranches-how-to-pick-good-bonds-in-securitized-credit/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/insuranceaum-com-113748/episode-357-lessons-from-the-tranches-how-to-pick-good-bonds-in-securitized-credit.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}