STEVE KERN, MSF, MSRE, CFA Vice President & Portfolio Manager 
 

Steve joined The de Burlo Group in October 2017 as Vice President and Portfolio Manager, focusing on fixed income markets.


Since 2012, Steve has advised high schools and colleges on tax-exempt debt financings, structured and marketed a real estate debt securities fund, trademarked multi-sector defeasance strategies for rising interest rate environments, and pursued direct real estate investments, all for Montvale Investment Partners which he formed in 2012. From 2000-2011 he was a Principal and Senior Portfolio Manager at Income Research and Management, which he joined as the tenth employee to launch the mortgage-backed securities group. During his tenure at IRM, the firm’s assets under management grew from $3 billion to $30 billion. He enjoyed mentoring and training younger analysts/traders as the team grew. He also had significant consultant and client relationship responsibilities. Prior to joining IRM, Steve was a Vice President at State Street Research and Management. Steve joined SSRM in 1994 as an analyst focusing on the new and developing CMBS market, in addition to analyzing and trading the ABS, MBS, and CMO sectors. During his career, Steve has traded over $30 billion of fixed income securities. Prior to his investment career, Steve gained six years of commercial real estate construction and development experience with Turner Construction (Ohio) and S.G. Phillips Constructors (Vermont). Projects included a 1,200-space parking garage, a 34-story high rise, and a 500,000-square foot warehouse distribution facility.


Steve earned a Bachelor of Science in Civil Engineering degree from Princeton University, a Master of Science in Real Estate degree from M.I.T., and a Master of Science degree in Finance from Boston College, in addition to the CFA designation.


Steve serves on the Investment Committee of Xaverian Brothers High School in Westwood MA where he was a Trustee from 1995-2015. He serves on the Board and Strategic Planning Committee of Mission Grammar School in Roxbury, MA. He is a past president of the Fixed Income Management Society of Boston, a member of the Princeton Alumni Schools Committee and the Princeton Football Association, and a religious education teacher at Our Lady Help of Christians Church in Newton, MA.