Bloomberg Agency Mortgage Summit

Tom Orlik is Bloomberg’s Chief Economist, based in Washington DC. Previously, Tom was the Chief Asia economist for Bloomberg and China economics correspondent for The Wall Street Journal, based in Beijing. Prior to a decade in China, he worked at the British Treasury, European Commission, and International Monetary Fund. He is the author of Understanding China’s Economic Indicators and China: The Bubble that Never Pops.

Erica Adelberg is the Chief Mortgage-Backed Securities (MBS) Strategist at Bloomberg Intelligence, a division of Bloomberg LP, and is based in New York City.

Erica started her career in MBS research and strategy at Kidder Peabody and Goldman Sachs. She spent the middle part of her career as a portfolio manager Goldman Sachs Asset Management and New York Life Investment Management, and then as a proprietary trader in MBS at KBC Bank.

Prior joining Bloomberg in 2021, Erica returned to the sell-side to head the MBS agency trading book at Seaport Global, focusing primarily on MBS derivatives.

Erica received her bachelor’s degree in mathematics from University of Chicago and is a CFA charterholder.

Walt is a 30-year fixed income veteran and is based in the Chicago office. Walt focuses on Total Rate of Return Structured Product portfolio strategies for money managers, insurance companies, central banks, sovereign wealth funds, corporations, hedge funds, municipalities, and large depositories on a global scale. Walt is responsible for the management of the Mortgage Strategies area and the coordination of the Structured Product business within the firm. He is a frequent public speaker and discussion facilitator in both industry association and customer-sponsored settings. He has also been widely quoted in the print media and has appeared in the television media to discuss market trends.

Walt holds an M.B.A. from the Booth School of Business at the University of Chicago with concentrations in Finance and Accounting, an M.A. from the University of Chicago in Social Science/International Relations, and a B.A. (with Honor) from Michigan State University in Social Science/International Relations. He is a member of both the CFA Institute and the CFA Society of Chicago.