Jeffrey Knight, CFA, Head of Global Asset Allocation
Jeffrey Knight is Head of Global Asset Allocation for Columbia Management. Mr. Knight oversees our broad suite of asset allocation and risk allocation strategies including capital allocation, risk allocation, risk parity and total return funds. He leads a team of six portfolio managers and serves as the lead manager of our capital allocation and risk allocation funds. Mr. Knight joined the firm in 2013 and has been a member of the investment community since 1987.
Prior to joining the firm, Mr. Knight was Head of Global Asset Allocation at Putnam Investments where he managed numerous mutual funds and institutional strategies. He began his career at Putnam in 1993 as a Senior Analyst in the Global Asset Allocation group. A founding member of the team, he was instrumental in the development and implementation of the group’s quantitative models and methodologies. While at Putnam, Mr. Knight authored the firm’s Capital Market Outlook quarterly publication. Previously, he was a Senior Associate in tax services at Coopers & Lybrand, a Financial Analyst in the federal systems division at IBM and started his career as a Staff Economist at Economic Consulting Services, Inc.
Mr. Knight earned a B.A. from Colgate University and an M.B.A. from the Tuck School of Business at Dartmouth College. In addition, he holds the Chartered Financial Analyst designation.
When economic growth levels off, the headwinds for bonds subside, which fits the patterns of 2014 so far. With bond yields at current levels, the attractiveness of interest rate risk from a valuation standpoint is meager. Should the economic data reaccelerate, we would expect equities to perform well and rate sensitive bonds to struggle. In
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As we assess the global markets in early 2014, our overall portfolio strategy remains modestly overweight equities and underweight fixed income. While we have been anticipating an increase in volatility, we still believe equities will outperform bonds over the course of the year. The current low level of interest rates suggests returns from bonds remain
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Can the stock market continue to move higher in 2014? How do you think monetary policy will impact the markets? Given where interest rates are, what are your thoughts on fixed income? How do you think about asset allocation today? Q: Can the stock market continue to move higher in 2014? A: I think we
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