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Viewpoints Treasuries, Stocks and Shocks Treasuries, Stocks and Shocks In our view, the relationship between stock and bond returns – whether they are positively or negatively correlated – depends largely on whether a shock starts in the stock market or the bond market.
Quantitative Research and Analytics The PIMCO Glide Path Construction Process The PIMCO Glide Path Construction Process
Quantitative Research and Analytics Equity Repricing Under a New Administration: A Tail Risk Scenario Equity Repricing Under a New Administration: A Tail Risk Scenario
Quantitative Research and Analytics The Role of Long-Maturity TIPS in Retirement Portfolios The Role of Long-Maturity TIPS in Retirement Portfolios This paper was recently featured in The Journal of Retirement.
Steve Sapra Co-head of Client Solutions & Analytics, North America & Asia ex Japan Share Add Download Print Mr. Sapra is an executive vice president in the Newport Beach office and co-head of client solutions and analytics for North America and Asia ex Japan. Prior to joining PIMCO in 2012, he was a managing director at TOBAM, a quantitative asset manager headquartered in Paris. From 1999-2010 Mr. Sapra served as a portfolio manager at Analytic Investors, where he oversaw the research and implementation of approximately $8 billion in U.S. equity assets. Mr. Sapra has written and spoken extensively on issues pertaining to investing and risk management and has published papers in several journals including the Financial Analysts Journal, Journal of Portfolio Management and Journal of Sports Economics. He is also an adjunct faculty member at the University of Southern California Marshall School of Business. He has 20 years of investment experience and holds a Ph.D. in economics from Claremont Graduate University and a master's degree in economics from the University of Southern California.