Experts
Josh Davis
Global Head of Risk Management
Mr. Davis is a managing director and global head of risk management in the Newport Beach office. Previously, he was global head of client analytics, with a focus on tailoring custom client-driven portfolio solutions, conducting thematic investment research, and developing next generation analytical tools. Before this, he managed asset allocation, risk mitigation, and quantitative risk premia portfolios. Prior to joining PIMCO in 2008, he developed option trading strategies for a boutique hedge fund in Chicago. He has 22 years of investment experience and holds a Ph.D. in economics with an emphasis on macroeconomics and finance from Northwestern University, where he also earned his master's degree. He holds undergraduate degrees in pure mathematics and management science from the University of California, San Diego.
Research
Research
Research
Economic and Market Commentary
Research
Research
We show that the return to a defensive equity portfolio can be decomposed into a hedging component and a component that seeks to generate returns.