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Jerome Schneider

Portfolio Manager

Mr. Schneider is a managing director in the Newport Beach office and leader of short-term portfolio management and funding. Morningstar named him Fixed-Income Fund Manager of the Year (U.S.) for 2015. Prior to joining PIMCO in 2008, Mr. Schneider was a senior managing director with Bear Stearns. There he most recently specialized in credit and mortgage-related funding transactions and helped develop one of the first "repo" conduit financing companies. Additionally, during his tenure at Bear Stearns he held various positions on the municipal and fixed income derivatives trading desks. He has 27 years of investment experience and holds an undergraduate degree in economics and international relations from the University of Pennsylvania and an MBA from the Stern School of Business at New York University.

Latest Insights

Quick Takes: Rising Rates and Short-Term Opportunities
04 March 2022
Learn why short-term yields are more compelling than money market funds and why active management is key to both earning attractive yields and defending against risk with Jerome Schneider, head of short-term portfolio management.
Seeking Harmony in Short-Term Markets
Recent volatility in short-term markets will likely, over time, be accompanied by more attractive income opportunities for cash allocations.
SLR Expiration: Treasury Markets Likely to Shoulder the Costs
The expiration of the temporary SLR changes should enhance the soundness of the banking system, but likely at the cost of Treasury market liquidity.
Treasury Issuance Could Aid Adoption of SOFR Benchmark
As regulators push to transition away from Libor, sales of Treasuries linked to the successor rate could boost the new benchmark’s credibility and expand nascent markets for related debt and derivatives.
Rethinking Cash Holdings to Avoid Near-Zero Yields
Cash and cash equivalent investors face challenges balancing liquidity and returns amid near-zero short-term rates.
Repressed Repo Rates: Sifting Through the Noise
A flood of market liquidity has pressured repurchase agreement rates, prompting some investors to pivot away from traditional forms of cash management.
Fed’s New Repo Facility Should Ease Future Stress, With Caveats
We see benefits to creating a short-term facility, even if the benefits come later.
A Dizzying Summer in D.C. as U.S. Debt Ceiling Looms Again
30 August 2021
While Congress makes progress on infrastructure legislation, the specter of another debt-ceiling showdown gives investors cause for concern.
Short-Term Reference Rates at a Crossroads
Market participants have been hesitant to accept SOFR as the successor to Libor, but uniting around a single reference rate is increasingly important to keep benchmark markets from becoming fragmented.
Proceed With Caution: Opportunities for Cash and Defensive Income Amid Uncertainty
We believe short-dated bonds can offer attractive yields, flexibility, and a means to proceed cautiously as central banks continue to raise interest rates.
The Maturing of Money Markets: The Mechanization of Liquidity Management
Liquidity tiering may provide an attractive alternative as SEC proposals curtail capabilities of money market funds
Regional Bank Stress Puts Spotlight on Cash Management
14 March 2023
Shocks to the U.S. banking system underscore how even cash holdings can involve risk and also suggest that the timeline for a recession may have drawn nearer.