Biography
Jonathan M. Duensing, CFA, is senior managing director, head of fixed income, US, director of multi-sector fixed income, and portfolio manager at Amundi US. He supervises all fixed-income portfolio management and research activities for Amundi US, and leads a team of approximately 50 investment professionals who manage a wide range of US and global fixed-income portfolios for institutional and retail clients worldwide. He is also a member of portfolio management teams responsible for managing stand-alone high-grade credit, multi-sector credit, and cross-over fixed income strategies. He is a member of the US Investment Committee, US Executive Committee, and US Management Committee. He reports to Ken Taubes, chief investment officer, US. Prior to his current position, Duensing was most recently director of investment grade corporates and senior portfolio manager. In that role, he led a team of investment professionals responsible for managing high-grade and crossover corporate credit exposure across all fixed-income portfolios at Amundi US. He was responsible for managing stand-alone high-grade credit, multi-sector credit and cross-over fixed-income and absolute return strategies. Duensing joined Amundi US (Smith Breeden Associates) in 1996 as investment analyst, and became a portfolio manager for multi-sector and corporate credit strategies in 2000. In 2006, he was named principal and senior portfolio manager, adding an absolute return strategy to his PM role, as well as personnel management responsibilities. He also served as deputy chief investment officer from 2014 to 2017. Prior to joining Amundi US in 1996, Duensing was the credit officer for a member bank of Old National Bancorp. He holds a bachelor’s of arts in finance from the University of Illinois, Urbana-Champaign, graduating with distinction and departmental honors. He became a CFA® charterholder in 1999.
As the Fed nears its terminal rate, bonds may reassume their traditional role as a portfolio “diversifier.”