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Dr. Spajic is an executive vice president in the Newport Beach office, a senior credit portfolio manager and head of U.S. credit research. Previously, he was head of pan-European credit and asset-backed securities portfolio management. Prior to joining PIMCO in 2007, he was executive director and trader on the global macro proprietary trading desk at Goldman Sachs. Prior to Goldman, Dr. Spajic worked for Highbridge Capital, a division of J.P. Morgan. Prior to that, he worked for Lehman Brothers, and earlier in his career he was a consultant to the European Commission and Bankers Trust. He holds a Ph.D. in economics from Cambridge University.
The Bank of England’s recent decision to expand its balance sheet through a further £75 billion worth of asset purchases over four months should positively impact sterling credit markets and potentially unearth new investment opportunities.
The eurozone’s sovereign debt crisis is contaminating corporate credit markets and challenging valuation of credit securities in the region.
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