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Institutional Investor Advisor Individual Investor

Patrick McElroy, CFA

Director, Portfolio Manager
24 Years experience
10 Years at ClearBridge

"Our approach utilizes a concentrated, high-conviction portfolio of convertibles designed to maximize our upside potential and minimize our downside risks."

Patrick co-manages the Convertible Securities strategy. He has 24 years years of investment industry experience and joined the firm in 2007. Prior to joining the firm, he was a Convertible Securities Research Analyst for Palisade Capital Management.

His previous positions include Convertible Securities and Equities Research Analyst at Jefferies & Co., Research Associate for Fixed Income at Standard & Poor's, and Fixed Income Division Sales at Donaldson, Lufkin and Jenrette Securities.

Patrick earned his BS in Comprehensive Science and Math from Villanova University and his MBA from New York University's Leonard N. Stern School of Business. He is a member of the CFA Institute.

Experience

  • 24 years of investment industry experience
  • Joined ClearBridge Investments in 2007
  • Member of the CFA Institute
  • Palisade Capital Management - Convertible Securities Research Analyst
  • Jefferies & Co., Inc. - Convertible Securities and Equities Research Analyst
  • Standard & Poor's - Research Associate, Fixed Income
  • Donaldson, Lufkin and Jenrette Securities - Sales, Fixed Income Division
  • MBA from New York University's Leonard N. Stern School of Business
  • BS in Comprehensive Science and Math from Villanova University

Perspectives

  • U.S. Convertible Securities Strategy
    1Q17 Commentary: The convertible new-issue market was active as issuers took advantage of attractive terms and strong demand to raise capital.
  • U.S. Convertible Securities Strategy
    4Q16 Commentary: Higher interest rates could generate a rotation out of longer-dated bonds and into shorter-dated securities, such as convertibles.
  • U.S. Convertible Securities Strategy
    3Q16 Commentary: The convertible new-issue market was relatively active during the quarter as issuers came to the market to lock in attractive terms.
  • U.S. Convertible Securities Strategy
    2Q16 Commentary: We are seeing more attractive entry points for convertibles in industries like cloud, software, energy and biotech.