As of 31 December 2019, the Global Fixed Income Currencies & Commodities (GFICC) team actively managed USD 603 billion in fixed income and currency assets. The team, led by Chief Investment Officer and Global Head of GFICC, Bob Michele, consists of over 275 investment professionals operating in every major market around the world. The team oversees a broad range of fixed income strategies, including broad market, long duration, stable value, intermediate, high yield, emerging market debt, short and ultra-short duration, global bonds, structured products, mortgages and tax-aware strategies.
We utilize a disciplined and systematic process to evaluate and identify attractive investment opportunities through analysis of fundamental, quantitative and technical investment factors. Our analysts perform independent research on relevant investment topics including ESG factors across the various sectors which portfolio managers consider in positioning portfolios. GFICC maintains a robust meeting schedule to bring global investment insights together in our team-based approach. This investment process generates bottom up and top down insights which feed into quarterly meetings of senior investors from each sector. The Investment Macro Strategy team sets the foundation of our macro investment process, establishing themes that will broadly guide investment strategies going forward.
We seek to add value by drawing upon the expertise of locally based sector specialist and portfolio management teams using internally generated fundamental, quantitative and technical research inputs. We then allocate risk using a rigorous and methodical portfolio construction process. Therefore pleaes note that the below split betwen active quatntitative versus fundamental fluctuates.
Note: 275 investment professionals includes portfolio managers, research analysts, traders and client portfolio managers with VP title and above.