Allianz Global Investors (AllianzGI), one of the world’s leading active investment managers, announced today that it has further built out its US Fixed Income team with the addition of 10 new team members.
Director, Investment Strategist, US Capital Markets Research & Strategy
28 Years of Industry Experience |
New York, New York
Mr. Malin is a senior investment strategist and a director with Allianz Global Investors, which he joined in 2013. As a member of the Global Economics & Strategy team, he is responsible for making weekly global asset allocation and strategy recommendations; he also briefs clients internationally on the firm’s market outlook. Mr. Malin’s white paper series, Under the Macroscope, has a global following among business, financial, central bank and government leaders. He has 27 years of financial-markets, central-bank and investment-industry experience. Earlier in his career, Mr. Malin was a senior portfolio manager at AllianceBernstein, serving institutional, sub-advisory, Taft-Hartley and private clients throughout North America. He also worked at the Federal Reserve Bank of New York, reporting directly to the Bank’s presidents while serving as vice president in the communications group, corporate secretary and senior economist. Before that, Mr. Malin was the senior economist, founder and director of the regional economics center at The Conference Board; during that time he led a private economics consulting practice that included 25 Fortune 500 companies, trade associations and pension plans. He also served on the National Commission on Competitiveness, National Commission on US-Japan Economic Complementarity, Southern Growth Policies Board Economics Committee and the Corporate Advisory Board to the New York State Assembly Ways & Means Committee. Mr. Malin was an advisor to the Governors of Arkansas, Virginia and Montana on economic development and tourism. He also taught macroeconomics and risk-management courses at Barnard College-Columbia University and the City University of New York. He has a B.A. in economics from Queens College and a Ph.D. in economics from the Graduate Center of the City University of New York.
In recent years, the markets underwent massive shifts in technologies, demographics, politics and policies that rendered many old models obsolete. Investors must recognize how persistent and irreversible these trends are – or they could find themselves exposed to new risks that jeopardize their financial goals.
Monetary policy makers in the US will continue to push interest rates toward their neutral level, though that level is uncertain. As they do so, however, they will be watching conditions in financial markets very carefully for signs that liquidity may be becoming too tight or that individual segments of the fixed income space are starting to founder.
The Federal Reserve is continuing to normalize US monetary policy even as the central bank deflects shoves from policy changes, debt and illiquidity. It could be time for a cautious, active approach that emphasizes liquidity and extensive diversification across uncorrelated asset classes.