Market Perspectives

Rick Nelson, Chief Investment Officer ING Investment Management Americas

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Rick Nelson is Vice Chairman and Chief Investment Officer for ING Investment Management Americas, including institutional, managed account and alternative assets markets as well as the proprietary ING insurance company accounts. In his role, Rick is responsible for leading all investment activities across the equity, fixed income and alternative assets platforms. This encompasses portfolio oversight, investment team review, and managing ING Investment Management's strategic investment decisions and investment processes.

Rick has over 24 years of investment management experience. Prior to joining ING in 2003, he was with JPMorgan Fleming Investment Management, Inc., where he was head of the U.S. Equity Group as well as a member of the Global and U.S. Executive Committees. Before that he was at Bankers Trust, where he was part of the Global Investment Management Group and led the Global Quantitative Applications Group. Rick received his B.S. in economics from the Wharton School of the University of Pennsylvania and an M.B.A. from the University of Chicago.

 

Pierre Couture, Senior Actuary, Multi-Asset Strategies and Solutions Group

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Pierre Couture joined ING in March 2007 as a Senior Actuary for Multi-Asset Strategies including traditional asset allocation products, portable alpha strategies, and customized asset/liability solutions that address clients’ plan level investment objectives. Prior to joining ING, Pierre consulted to US (public, Taft-Hartley and corporate) and multinational clients seeking integrated financial risk management advice for their pension plans. He specialized in asset/liability modeling, strategic asset allocation, funding, and accounting policy diagnostics. Before joining Mercer’s New York office in 1994, Pierre worked in the Mercer’s Montreal office for over four years. Pierre holds a BSc in actuarial sciences from Universite Laval in Quebec City. He is an Associate of the Society of Actuaries, an Enrolled Actuary under ERISA, and a Member of the American Academy of Actuaries.

 

Jim Kauffmann, Head of Public Fixed Income

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Jim Kauffmann is the Head of Fixed Income for ING Investment Management. Under his leadership assets managed by his group have grown to over $40 billion in over two dozen strategies that include hedge funds, currency overlay, and global bond funds. He is the portfolio manager for several of ING’s flagship funds. In 1996 he developed ING’s proprietary valuation algorithms, the investment methodology used to identify value in fixed income markets. Prior to joining ING in 1996, he was a Vice President and senior portfolio manager at Alfa Investments Inc. He began his career in 1986 in the capital markets securities group of Drexel Burnham Lambert where he was responsible for developing fixed income strategies for clients. Jim has over 21 years of investment experience and received his B.S. in industrial management from Purdue University and an M.B.A. from Harvard University. He is a frequent commentator for several news organizations, including “The Wall Street Journal,” “The Financial Times,” “Barron’s,” “Credit Magazine,” “Financial Advisor,” and is also a featured speaker at various industry conferences.

 

Paul Zemsky, CFA, Head of Multi-Asset Strategies and Solutions

Given recent momentous movements in the equity and derivative markets, Paul Zemsky, who oversees over $18 billion in assets under management, sat down to discuss recent events and provide insight into how his team was managing assets during this difficult time.

  (19:40)

Paul Zemsky is the head of ING’s Multi-Asset Strategies and Solutions Group. The team’s mandate is to develop products and provide investment solutions that go beyond ING’s traditional investment offerings. The group combines capabilities in derivatives/financial engineering, risk management, asset allocation, liability modeling and pension accounting and multi-strategy portable alpha. Paul joined ING Investment Management in 2005 as Head of Derivative Strategies. In this role, he oversaw derivative strategies for credit, interest rate, and equity products, and supported the organization on a number of key areas, including product development and risk management for both proprietary and third-party businesses. Prior to his role at ING, Paul spent 18 years at JPMorgan Investment Management, where he held a number of key positions, including having responsibility for the market timing and asset allocation for the firm's fixed income business and handling option trading in both the exchange-traded and over-the-counter markets. He was one of the first on Wall Street to identify the potential for portable alpha strategies and liability targeted portfolios. Most recently, he co-founded CaliberOne Private Funds Management, a macro hedge fund. Paul has 24 years of investment experience. He holds a dual degree in finance and electrical engineering from the Management and Technology Program at the University of Pennsylvania and holds the Chartered Financial Analyst designation.

 

Brian Gendreau, Ph.D., Investment Strategist

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Brian Gendreau is an Investment Strategist with ING Investment Management. He is a member of its asset allocation committee, which sets the investment strategy for over $12 billion in ING’s asset allocation, lifecycle, and balanced funds. Brian has a B.A. in economics from Northwestern University, a M.A. from Johns Hopkins School of Advanced International Relations, and a PhD in Business Economics from the Wharton School. He has taught in the MBA programs at Wharton and New York University, and has contributed to academic journals in economics and finance. Before coming to Wall Street, he served as a staff economist with the Federal Reserve Board and the Federal Reserve Bank of Philadelphia. He worked for JP Morgan, Salomon Smith Barney, and Heckman Global Advisors prior to joining ING in 2004. Brian appears frequently on CNBC and Bloomberg television and radio.