Multi-Sector Fixed Income

The GMO fixed income team pairs focused alpha-oriented strategies with systematic, “beta-plus” exposures and customized client attention to deliver best-in-class solutions.

Our fixed income experts possess first-hand experience in rates and currencies, corporate and securitized instruments, credit, and emerging markets debt, built on a foundation of decades of proprietary research and investing. We combine global intelligence and specialist insight to design our clients' portfolios to their specifications and fulfill mandates with precisely targeted, innovative solutions.

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Our personalized solutions reach past conventional approaches to achieve client objectives in terms of risk, returns, and efficiency.

Key Team Resources

Joe Auth

Joe Auth

Head of Structured Products

Mr. Auth is engaged in portfolio management for GMO’s Structured Products team. Prior to joining GMO in 2014, he was a Portfolio Manager for the Harvard Management Company. Previously, he was a Research Director at Standish Mellon Asset Management. Mr. Auth earned his B.A. in government and history from the Connecticut College and his M.B.A. from the University of Connecticut. He is a CFA Charterholder.

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Jason Hotra

Head of Developed Rates & FX

Mr. Hotra is the Head of GMO’s Developed Rates & FX team and is a Portfolio Manager of the team’s strategies. Prior to joining GMO in 2015, he was a Portfolio Manager at Convexity Capital Management. Previously, he was a Director at Sowood Capital Management. Mr. Hotra earned his B.S. in Management Science with an option in Finance from Massachusetts Institute of Technology.

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Tracey Keenan

Head of Short Duration Strategies

Ms. Keenan is the portfolio manager of GMO’s cash strategies and fixed income team lead for GMO’s trading team. Previously at GMO, she was a member of the Fixed Income team, focusing on trading FX, EM and Domestic repo, and government bonds. Prior to joining GMO in 2002, she was a Fixed Income Trader at Standish Mellon. Ms. Keenan earned her B.A. in Political Science from Stonehill College and her M.B.A. in Finance from Suffolk University.

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Rachna Ramachandran

High Yield, Structured Products

Ms. Ramachandran is engaged in research for GMO's Structured Products and High Yield strategies. Prior to joining GMO in 2019, Ms. Ramachandran held numerous positions at Bank of America Merrill Lynch most recently as a Director in Credit Trading, covering macro and quantitative credit strategy. Previously at Bank of America Merrill Lynch she held positions as a credit portfolio strategist and a credit derivatives strategist. Ms. Ramachandran earned her BE in electronics and telecommunications from the University of Mumbai and her MS in financial mathematics from City University of London.

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Jon Roiter

Head of Credit Opportunities

Mr. Roiter is engaged in portfolio management for GMO’s Credit Opportunities team. Prior to joining GMO in 2011, Mr. Roiter was a senior analyst for TPG Credit Management. Previously, he was an analyst for the leveraged finance group at Citigroup Global Markets. Mr. Roiter earned his B.A. in Economics from Columbia University.

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Carl Ross

Emerging Country Debt

Dr. Ross is engaged in research for GMO’s Emerging Country Debt team. Prior to joining GMO in 2014, he was a managing director at Oppenheimer & Co. Inc. where he covered emerging debt markets. Previously, he was the Senior Managing Director and Head of Emerging Markets Fixed Income Research at Bear Stearns & Co. Dr. Ross earned his BA in Economics from Mount Allison University as well as his M.A. and PhD in Economics from Georgetown University.

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Riti Samanta

Head of Systematic Fixed Income & Currency Strategy

Dr. Samanta is portfolio manager for GMO’s Systematic Credit/LDI and Multi-Sector Fixed Income Strategies and a fixed income strategist. Prior to joining GMO, she was the global head of systematic fixed income and a senior portfolio manager at State Street Global Advisors (SSGA). Previously at State Street Global Advisors, she was the head of research in tactical asset allocation and currency. Dr. Samanta earned her B.A. in Economics and Mathematics from Reed University. She earned her M.S. in Finance and Ph.D. in International Economics from Brandeis University. 

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Tina Vandersteel

Head of Emerging Country Debt

Ms. Vandersteel is the head of GMO’s Emerging Country Debt team. Prior to joining GMO in 2004, she worked at J.P. Morgan in fixed income research developing quantitative arbitrage strategies for emerging debt and high yield bonds. She began her career at Morgan Guaranty Trust, attending Morgan Finance Program #18, before establishing her career in emerging debt. Ms. Vandersteel earned her B.A. in Economics from Washington & Lee University. She is a CFA charterholder.

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