DoubleLine Deputy CIO Jeffrey Sherman joins Bloomberg Markets: The Close to unpack the market impact of rising oil prices, geopolitical disruptions and shifting rate expectations. Mr. Sherman highlights how supply constraints and infrastructure damage in energy markets could prolong inflationary pressures and weigh on global growth, noting that markets could be underestimating the duration and economic impact of these disruptions. Mr. Sherman also explains why central banks might be less inclined to tighten monetary policy in response to commodity-driven inflation with higher energy prices already acting as a form of monetary tightening. Other topics include fixed income positioning, the outlook for U.S. Treasury yields and emerging risk in private credit markets as liquidity dynamics and investor behavior evolve in an uncertain macro environment.
Jeffrey Sherman, DoubleLine’s Deputy Chief Investment Officer, is a thought leader, portfolio manager and public speaker in the industry. Mr. Sherman is a member of DoubleLine’s Fixed Income and Global Asset Allocation committees, and he serves as lead portfolio manager for the firm’s multi-sector and derivative-based strategies. In his role, Mr. Sherman guides the investment teams in developing top-down macro views and collaborative asset allocation processes throughout a market cycle. Additionally, he is a member of DoubleLine’s Executive Management Committee. In 2018, Money Management Executive named Mr. Sherman as one of “10 Fund Managers to Watch” in its yearly special report. Prior to joining DoubleLine in 2009, Mr. Sherman was a Senior Vice President at TCW, where he worked as a portfolio manager and quantitative analyst focused on fixed income and real-asset portfolios. Prior to that, he was a statistics and mathematics instructor at the University of the Pacific and Florida State University. Mr. Sherman taught Quantitative Methods for Level I candidates in the USC/CFALA CFA® Review Program for many years. He holds a B.S. in Applied Mathematics from the University of the Pacific and an M.S. in Financial Engineering from Claremont Graduate University. Mr. Sherman is a CFA® charterholder.
