The timing of the Fed’s QE exit is no longer the central question An accelerating economy could mean another challenging year for duration risk A major question is whether markets begin to doubt the Fed’s commitment to low rates If bond investors were asked to summarize 2013 in a single word, we suspect that many
Zach Pandl, Portfolio Manager and Strategist
Zach Pandl is a portfolio manager and strategist for Columbia Management, based in Minneapolis. Mr. Pandl focuses on research relating to the macroeconomy and government policy and their implications for interest rate markets. He chairs the Columbia Management Interest Rate Committee, which is responsible for formulating and articulating the firm’s view on interest rates in the U.S. and other developed markets. Mr. Pandl joined the firm in 2012 and has been a member of the investment community since 2006.
Prior to joining Columbia Management, Mr. Pandl was senior economist at Goldman, Sachs & Co. in New York. There he was responsible for original research on the U.S. economy and interest rates and the development of proprietary analytical tools. Previously, he held positions at Nomura Securities and Lehman Brothers.
Mr. Pandl earned his B.S. in economics from the University of St. Thomas and his Masters in economics from New York University.