Both passive and active approaches to inefficient fixed income markets come with drawbacks. A systematic approach seeks to compensate for the extra costs and charges by replicating an index with a better net of cost outcome by employing alpha drivers. Or it can be used to seek to outperform the market while offering more repeatable and consistent returns than traditional active managers. Paul Benson, Head of Systematic Fixed Income, explains more in this video.
Paul Benson, CFA, CAIA
Head of Systematic Fixed Income
Paul Benson, CFA, CAIA
Head of Systematic Fixed Income
Paul joined Insight in September 2021 following the transition of Mellon Investments’ fixed income strategies to Insight. He has been in the investment industry since 1994. Paul is the head of systematic fixed income, responsible for managing Insight’s quantitative, factor-based fixed income strategies, including the high yield beta strategy. Previously at Mellon Investments, Paul was a senior portfolio manager responsible for the yield curve arbitrage strategy within global asset allocation portfolios. Additionally, he engineered and built the process to automate fixed income portfolio rebalancing and improve operational risk control.
Prior to joining Mellon Investments, Paul was a senior fixed income portfolio associate at PIMCO, where he analyzed portfolios, and implemented and managed active US and global fixed income portfolios. Previously, he was a trader at Westdeutsche Landesbank Tokyo, where he built the interest rate swaps trading desk, and a trader at Bankers Trust Tokyo, where he ran the Japanese government bond book. Both positions included market making and proprietary trading. Paul received a BA from University of Michigan at Ann Arbor. He is a CFA charterholder and is a member of CFA Institute.