Arnaud Lerond

Arnaud Lerond currently serves as a Senior Portfolio Manager at Allianz Global Investors, where he leverages his extensive expertise in structured credit and asset-backed securities to deliver tailored investment solutions for clients. In his role, Arnaud oversees the management of European ABS portfolios, with a particular focus on securitization and covered bonds, ensuring optimal risk-adjusted returns through rigorous analysis and strategic allocation. His deep understanding of the securitization market allows him to navigate complex credit structures and identify attractive investment opportunities within the evolving landscape of structured finance.

A key aspect of Arnaud’s responsibilities involves the management of US Agency Passthrough Mortgage-Backed Securities (MBS) issued by Fannie Mae, Freddie Mac, and Ginnie Mae. He meticulously assesses prepayment risk across various pools—including Generics, TBA, and Specified Pools—to optimize TBA allocations and select pools that align with the portfolio’s risk profile and return objectives. His expertise in prepayment modeling and tracking prepayment evolution enables him to adjust strategies proactively, mitigating potential downside risks and capitalizing on market movements.

Arnaud’s multilingual capabilities in French, English, and German facilitate seamless communication with global stakeholders and enhance his ability to analyze diverse market environments. His technical skills in VBA, SQL, and advanced Excel modeling complement his analytical approach, allowing for sophisticated data analysis and risk management. Through his comprehensive understanding of structured finance, securitization, and credit markets, Arnaud Lerond continues to contribute valuable insights and innovative strategies to Allianz Global Investors’ fixed income team, reinforcing his reputation as a seasoned professional in the asset management industry.