AllianzGI expands macro unconstrained fixed income team with two hires

Gaurav Saroliya and Joe Pak appointed

Allianz Global Investors has hired Gaurav Saroliya and Joe Pak as portfolio managers on its macro unconstrained fixed income team.

Saroliya was most recently head of macro strategy at Oxford Economics and strategist at Lombard Street Research. He has previously been a sell side macro strategist and, at the beginning of his career, spent five years helping to manage an absolute return fixed income fund at UBP.  He also has a PhD in economics from the University of York and joins on 1 July. Pak joins from Rothesay Life, the UK's largest pensions insurance specialist, where he was lead portfolio manager on a €2bn European periphery bond portfolio and on the firm's macro absolute return portfolio which he launched in...