CIO Non-traditional Strategies
Mr. Seidner is CIO Non-traditional Strategies and a managing director in the Newport Beach office. He is also a generalist portfolio manager and a member of the Investment Committee. He rejoined PIMCO in November 2014 after serving as head of fixed income at GMO LLC, and previously he was a PIMCO managing director, generalist portfolio manager and member of the Investment Committee until January 2014. Prior to joining PIMCO in 2009, he was a managing director and domestic fixed income portfolio manager at Harvard Management Company. Previously, he was director of active core strategies at Standish Mellon Asset Management and a senior portfolio manager at Fidelity Management and Research. He has 36 years of investment experience and holds an undergraduate degree in economics from Boston College.
Facing Challenges With Flexibility
08 November 2021
Fixed income investors have long benefited from a flexible approach, which today may be especially valuable in helping combat current market challenges and further enhancing the diversification potential of bonds. Learn more with Marc Seidner, CIO Non-traditional Strategies.
Cyclical Outlook: Peak Policy, Peak Inflation, Peak Growth
30 June 2021
Learn key insights from our recent Cyclical Forum, including our outlook on policy, inflation and growth, and how investors can navigate the challenges and opportunities ahead.
Where We See Opportunity in Risk Assets
03 May 2021
We see opportunity in public and private credit markets, find value in non-agency mortgages and prefer cyclicals to growth stocks – with a focus on flexibility and active management to find the winners in the global rebound.
Positioning Portfolios in a Fast Moving Cycle
27 January 2022
Explore our take on investing amid full valuations and higher volatility, why selectivity matters and how we’re positioning portfolios to maintain their long-term potential while taking advantage of short-term market moves.
Investing Amid Higher Volatility and Uncertainty
27 January 2022
Learn why we’re likely to see more volatility and uncertainty in 2022, the three important developments impacting the outlook and how investors can navigate the fast-moving cycle ahead.
2022 Outlook: Inflation in Context
28 January 2022
Get our view on why inflation remains persistently elevated, where we think it’s headed and why yield levels remain relatively low despite concerns about inflation risk.
Markets largely held up in last year’s liquidity crunch, but we believe policymakers should address a few soft spots.
Longer-dated Treasury yields have climbed as markets consider whether economic growth and inflation expectations might accelerate more rapidly. We believe inflation pressures will remain in check and bond yields will be range-bound.
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.
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.
How we’re thinking about investing against a backdrop of inflation uncertainty, geopolitical tension, and likely recession.
This year’s surge in yields is restoring value to the bond market, especially with the likelihood of a recession rising, although it remains uncertain when market momentum might turn.
Parsing the yield curve can lead to a variety of conclusions about whether a downturn is coming, while underscoring the importance of flexibility.
27 February 2023
Strength in employment and inflation has caused markets to raise the implied terminal rate while still expecting the Fed to normalize policy – which is different from easing – in 2024