We are pleased to introduce The Investment Intelligence Podcast, where experts discuss all things investing, from recent market developments, to strategy, sustainable investing, asset allocation, risk management and more.
Director, Portfolio Manager, Head of Americas, Infrastructure Debt
Mr. David is a portfolio manager, a director and Head of Americas, Infrastructure Debt, with Allianz Global Investors, which he joined in 2012. As one of the original members of the firm’s Infrastructure Debt team, which began in 2012, he is responsible for leading its development and activities in the Americas, as well as building its presence in the US. Mr. David has 24 years of investment-industry experience. He previously worked as a managing director at MBIA UK Insurance Ltd. and was a board director at Trifinium Advisors Ltd., responsible for project finance debt origination. Before that, Mr. David worked at Lloyds Bank and Industrial Bank of Japan as an arranger of infrastructure and project finance. He has a B.Sc. in mathematics from Imperial College London.
In our inaugural episode, Paul David, Head of Americas Infrastructure Debt, talks about the impact of the Covid-19 pandemic on credit markets, the outlook for liquidity, downgrades, and defaults, and where dislocations may create opportunities.
Infrastructure-debt investments in Latin America are often considered to be risky – and, as a result, more suitable for a portfolio’s “core plus” fixed-income allocation. But carefully choosing countries and projects can turn this asset class into a core holding with attractive yield potential and a solid risk profile.