We recently caught up with Sandy Liang, President, Purpose Investments Partners, and high-yield fixed income portfolio manager. Sandy’s exemplary career on both the buy-side and sell-side in equities, and more notably in high yield, on Wall Street. have earned him a reputation as a shrewd, no-nonsense high yield and corporate bond portfolio manager.

As a preamble to our discussion about where the opportunities are in high yield and corporate fixed income space, we talked about Sandy’s background, notably, his front row seat at the financial crisis, when he was a Senior Managing Director at Bear Stearns. A former Wall Street analyst and 7-time member of Institutional Investor Magazine’s All-American Fixed Research Team is resolute about putting asset protection first.

Sandy shares the tenets of his investment philosophy, and his methodology for uncovering undiscovered, high quality yield opportunities in the high yield and corporate debt market market.

This two-part podcast with Sandy Liang is an enlightening, plain talking conversation that should leave you with a better understanding of how high yield works and where the opportunities are for investors looking for income.