Tom Fahey, Senior Global Macro Strategist


Tom Fahey is a vice president, senior global macro strategist and associate director of macro strategies at Loomis, Sayles & Company. He analyzes global investment conditions, conducts macro-oriented research to determine relative value between countries, currencies and asset classes, and develops tools and processes to facilitate investment decisions. In addition, Tom is a co-portfolio manager for the Loomis Sayles world credit asset strategy and the Loomis Sayles Multi-Asset Income Fund. He has 21 years of investment industry experience and joined Loomis Sayles in 2010. Previously, Tom was a senior portfolio manager and global bond strategist at Standish Mellon Asset Management. Prior to joining Standish, he worked at The Bank Credit Analyst (BCA) Research Group as a foreign exchange strategist. Tom earned a BA from St. Francis Xavier University in Nova Scotia and an MA from Concordia University in Quebec.

Recent Posts

A Trump White House: Potential Market Impacts of the US Election

Posted by Tom Fahey, Senior Global Macro Strategist on Nov 9, 2016 2:30:00 PM

Donald Trump's presidential upset has stunned financial markets, which had heavily discounted a Clinton victory. What might Trump's policy proposals mean for markets and key components of the US economy going forward? The questions outnumber the answers at this stage, but here are our best guesses.

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Topics: Macro Strategies

Mid-Year Outlook for Investment Grade and High Yield Bonds

Posted by Tom Fahey, Senior Global Macro Strategist on Jun 6, 2016 11:51:01 AM

This is a “risk on” environment that has supported fixed income credit sectors - but it probably has an expiration date looming. With the US in late cycle, a multi-year spread tightening phase is unlikely. For this year however, we are being treated to solid returns across the credit spectrum.  We would expect 3% to 4% returns for US Treasurys, 5% to 7% returns for investment grade credit and 8% to 10% for high yield credit in 2016.


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Topics: Macro Strategies

Don't Panic: Putting Market Turbulence in Context

Posted by Tom Fahey, Senior Global Macro Strategist on Aug 27, 2015 9:04:41 AM

Sharp declines in China’s equity markets have heightened fears about the country’s economic prognosis and what it might mean for global growth. While concerns center on the emerging markets, the tumult has spilled across global financial markets.

Our advice: don’t panic. The challenge is to try to understand what the capital markets are signaling and assess how those signals fit with our core macro views.

In a new paper, we lay out some of the major investment themes we are focused on and discuss recent financial market price action in the context of our macro views. 

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Topics: Macro Strategies

Global Asset Allocation: 6 Markets to Watch

Posted by Tom Fahey, Senior Global Macro Strategist on Sep 26, 2014 2:15:00 PM

Some headlines from our recent global asset allocation team (GAAT) meeting:

1. Go International for Government Bond Exposure

Overweight international government bonds versus the US remains a strong theme based on our expectation for continued US growth improvement. We’ve seen almost straight line underperformance for US Treasurys versus global government bonds, yet find it hard to identify a catalyst for a reversal at this time.

2. Bullish on the Dollar

Yes, the US dollar has had a big run against the major currencies and may be due for consolidation. However, we believe cyclical trends, valuations and interest rates still favor the dollar.

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Topics: Macro Strategies

Loomis Sayles analysts are career professionals who offer deep knowledge and experience in a diversity of global asset classes and market sectors. These dedicated experts provide the insight essential to supporting our portfolio management teams across a wide range of investment strategies.


 

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