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MacKay Strategies

Philosophy & Process

MacKay Shields investment teams utilize their own philosophy, processes, and experience to add value across capital markets.

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MacKay Insights

Understanding Taxable Municipal Bonds

MacKay Municipal ManagersTM team takes us back to the basics in the growing asset class.

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Responsibility Overview
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MacKay Responsibility

Objectives & Values

We strive to meet the objectives and values of our clients; care for our employees; and promote the well-being of the communities in which we invest, work, and live.

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Purpose Driven + Performance Led

We are dedicated to investing for trusted clients globally, while ensuring the health of our company culture and the prosperity of our local communities.

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MacKay Shields Macro & Quantitative Solutions

Research, idea generation and product development are foundational to our team and support MacKay’s commitment to strategic partnership with clients and prospects.

Overview

Overview

          

Our team provides research and analytical support to investment and distribution teams at MacKay. We focus on fixed income and multi-asset solutions while using our platform to drive collaboration and engagement at MacKay through research and project-oriented work.

          

Macro & Quantitative Solutions Team

Macro & Quantitative Solutions Team

Macro Quant Team



Formally formed in 2021,
the team brings together extensive experience and a curious, direct, quantitative, and above all, collaborative approach.  

Meet the Team
Macro & Quantitative Solutions Team

          

          

 “Research is a process of exploration to gain understanding. It's not enough to know ‘what’; we want to know ‘why’”—Michael DePalma, Team Co-Head 

          

Insights

Insights

          

4 MIN VIDEO
JANUARY 6, 2023
Recession, Resiliency, and Risks
In his 2023 outlook, our senior macroeconomist Steve Friedman gives his perspective on a possible recession in 2023, what the path for a soft landing would look like, consumer stress, and more.
3 MIN READ
January 6, 2023
2023 Macroeconomic Outlook
In 2022, the vast majority of developed market central banks significantly tightened policy as they sought to address broad-based inflation.
5 MIN READ
May 17, 2022
No, Record-High Job Openings Do Not Improve Prospects for a Soft Landing
Chair Powell has stated that the high level of openings affords policy-makers the opportunity to fine-tune labor demand without causing a recession.
9 MIN VIDEO
APRIL 1, 2022
Asset Allocation Discussion
Watch our panel discussion on understanding asset prices, inflation and growth in a structured way.
8 MIN VIDEO
APRIL 1, 2022
Panel Discussion – Economic Outlook
By year end, GDP growth is likely to slow to its trend rate of about 2%, with core inflation still above 4%. We continue to expect the Federal Reserve to raise policy rates at every meeting this year.
6 MIN READ
March 31, 2022
Hard Truths on Soft Landings
In his first speech following the March FOMC meeting, Chair Powell noted that the historical record provides “some grounds for optimism” regarding prospects for a soft landing. But focusing on periods of high inflation suggests this optimism may be ill-founded.
5 MIN READ
March 23, 2022
The Powell Doctrine: Speak Loudly and Carry a Small Stick
There remains a wide gap between Chair Powell’s tough words on inflation and the Committee’s latest projections, which still show a leisurely rise in the policy rate despite high inflation.
4 MIN VIDEO
MARCH 17, 2022
Tougher Talk on Inflation: A Post-FOMC Round Up
In Tougher Talk on Inflation: A Post-FOMC Roundup, we discuss the Fed's growing emphasis on fighting inflation, while also noting how accommodative policy remains. Listen for more insights.
10 MIN VIDEO
JANUARY 31, 2022
Out of Patience: A Post-FOMC Round Up
In Out of Patience: A Post-FOMC Round Up, Steven Friedman and Stephen Cianci discuss the Fed's pivot to raising rates, the inflation outlook, and how we're repositioning portfolios.
6 MIN READ
February 17, 2022
Remaining Constructive on the Outlook
There is reason to worry about inflation and the Fed’s hawkish pivot. But there are also reasons to remain constructive about the outlook. Here are three.
5 MIN VIDEO
DECEMBER 14, 2021
Macroeconomic Outlook for 2022
Macroeconomic Outlook for 2022
5 MIN READ
December 3, 2021
Markets are Still Not Pricing in Enough Monetary Policy Tightening
An accelerated tapering of asset purchases gives the FOMC the option of three to four quarterly policy rate increases next year.
6 MIN READ
October 15, 2021
Stagflation: How Real Is the Risk?
Recent market chatter about stagflation risk is understandable, given disappointing economic data and continuing price pressures.
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