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    Editorial committee

    Editorial committee

    Global macro research hub

    The Global Macro Research Editorial Committee reviews research on thematic long-term investment issues from our global investment teams, and commissions research on topics it believes could be impactful to markets. The committee selects the research papers it believes are most relevant to our clients for development into external papers, enabling us to transparently share our thoughts and how they are evolving over time.

    Research papers are created as part of our top-down investment process

    The primary conduit for discussion regarding long-term economic and market themes is the monthly Economics meeting. This meeting is chaired by Global CIO, Adrian Grey, and attended by heads of desks with regional or strategy responsibilities and relevant portfolio managers and analysts. The meeting seeks to pinpoint where we are in the economic cycle, and to discuss longer-term trends that could impact markets.

    Economic forecasts are fed into the Economics meeting by the Global Rates and Macro Research team. This team is headed by Gareth Colesmith, Head of Global Rates and Macro Research, is made up of seven investment professionals with over twenty years average experience and draws upon expertise from across the firm. The team meets weekly and, in addition to their portfolio management responsibilities, is tasked with forecasting key economic variables such as growth and inflation. These forecasts are used alongside factors such as political influences, central bank culture and monetary policy framework to formulate interest rate views that feed into appropriate portfolios and our investment process more broadly. Analysis is undertaken at both a country and global level, factoring in the influence that policy changes at key central banks can have on their global counterparts.

    Members of our investment teams are tasked with the production of research papers on key topics, with their analysis presented at the Economics meeting to ensure that they are subject to a broad range of critical analysis. Research projects are overseen by Insight’s Global Macro Research function, headed by Gareth Colesmith, which aims to maintain a consistently high quality of internal macroeconomic and thematic research. For specialist topics, Insight draws upon external expertise to complement their internal research.

    Committee members

    The Global Macro Research Editorial Committee is chaired by Adrian Grey (Global CIO) and is made up of some of the most senior members of our investment teams, including Gareth Colesmith, Francesca Fornasari, Matt Merritt and Colm McDonagh.

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    Adrian Grey

    Global Chief Investment Officer

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    Adrian Grey

    Global Chief Investment Officer

    Adrian joined Insight in April 2003 as Head of European Fixed Income following the acquisition of Rothschild Asset Management Limited (RAM).

    In September 2003, he was appointed Deputy Head of Fixed Income and in 2005 became Head of Fixed Income. Adrian joined the Executive Management Committee in October 2012 and in 2016, he became Chief Investment Officer – Active Management. In September 2018, Adrian took on his current role as Global Chief Investment Officer responsible for the oversight of the firm’s investment management teams.

    Before joining Insight, he was a Director in the Fixed Income Team at RAM focusing on European research and global portfolios. Prior to joining RAM in 1994, he spent four years working in bond sales for UBS Phillips & Drew and three years managing international bond portfolios at ARCA, Milan.

    He has a BA honours degree in Economics and Politics from Warwick University and an MA in International Economics and International Relations from Johns Hopkins University in the US.

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    Gareth Colesmith

    Head of Global Rates and Macro Research

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    Gareth Colesmith

    Head of Global Rates and Macro Research

    As Insight’s Head of Global Rates and Macro Research, Gareth has oversight of Insight-managed government bond portfolios, in particular global, UK and inflation-linked portfolios as well as direct responsibility for managing European government bond portfolios. In addition, he was responsible for setting up the macro research function, which aims to consolidate and improve on our internal macro, economics and politics research, to the benefit of the whole investment team.

    Gareth originally joined the Fixed Income Group at Insight in April 2003, following the acquisition of Rothschild Asset Management Limited (RAM), as a European fixed income portfolio manager. He joined RAM in 1998 as a graduate and assisted in the management of continental European bonds.

    Gareth holds a BA (Hons) degree in Mathematics from Jesus College, Oxford University and is an Associate of the CFA Society of the UK.

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    Francesca Fornasari

    Head of Currency Solutions

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    Francesca Fornasari

    Head of Currency Solutions

    Francesca joined Insight in June 2019. She is responsible for the oversight of Insight’s dedicated team of currency investment professionals which provides currency solutions ranging from foreign exchange hedging to currency alpha.

    Prior to Insight, Francesca was a Senior FX and Fixed Income Portfolio Manager at Goldman Sachs Asset Management (GSAM). She started her career at The World Bank in Washington then spent time as an FX strategist at both Lehman Brothers and Morgan Stanley, before joining GSAM in 2006.

    She graduated from the Universite’ de Geneve in Switzerland with a degree in Monetary and Financial Economics. She also holds a Masters and PhD in Economics from Georgetown University in the US.

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    Colm McDonagh

    Chief Executive Officer, Insight Investment Management (Europe) Limited

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    Colm McDonagh

    Chief Executive Officer, Insight Investment Management (Europe) Limited

    Colm is CEO of Insight Investment Management (Europe) Limited, Insight’s EU-domiciled entity headquartered in Dublin, a role he took on in December 2020. He joined Insight in 2008 as Head of Emerging Market Fixed Income, responsible for the investment team and product across all regions. He is a senior member of the global investment management team, the Global Research Macro Group, and Chair of Insight’s Sovereign ESG Group.

    Prior to joining Insight, he had roles as a partner at Hydra Capital and as Head of EM Debt at Aberdeen Asset Management.

    He started his career at Bank of America in 1996. Colm obtained his Bachelor of Business and Legal Studies degree from University College Dublin.

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    Matthew Merritt

    Head of Multi-Asset Strategy Group

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    Matthew Merritt

    Head of Multi-Asset Strategy Group

    Matthew joined Insight in September 2004 and is Head of the Multi-Asset Strategy Group. He joined from Citigroup where, as Head of Global Equity Strategy for Smith Barney, he ran a top-rated equity strategy unit. 

    Prior to joining Citigroup in 2000, he was Managing Director, Chief Investment Strategist at ING Barings which he joined in 1996. This followed four years at NatWest Securities as a global investment strategist.

    He started his career at the Bank of England in 1989. Matthew holds an MSocSc from the University of Birmingham in Money, Banking and Finance and a BA (Hon) in Economics from Nottingham (Trent) University.

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