Joy Zhang - MSCI

Joy Zhang
Head of Non-Agency Securitization Research

About the Contributor

Joy Zhang is an Executive Director and Head of Non-Agency Securitization Research. Previously, Joy was a Director at Credit Suisse, responsible for mortgage collateral and regulatory modeling for securitized products trading. She also has worked as a senior developer at Goldman Sachs responsible for developing a firm-wide risk management system. Joy has an M.S. in Computational Finance from the Carnegie Mellon University and a Ph.D. in Chemistry from University of Kansas.

Blog posts by Joy Zhang

Jun. 01, 2018

As credit risk rises, beware of selection bias in CLOs »

Joy Zhang

Investors in the booming U.S. Collateralized Loan Obligation (CLO) market likely need to be aware of the risks: record tight spreads, deteriorating credit quality, and, as our expanded CLO data analytics reveal, selection bias risk.