Mr. Crescenzi is an executive vice president, market strategist and generalist portfolio manager in the Newport Beach office. He is also a member of the Investment Committee. Prior to joining PIMCO in 2009, he was chief bond market strategist at Miller Tabak, where he worked for 23 years. Mr. Crescenzi has written five books, including "The Strategic Bond Investor" and "Beyond the Keynesian Endpoint." He regularly appears on CNBC and Bloomberg television and in financial news media. Mr. Crescenzi taught in the executive MBA program at Baruch College from 1999-2009. He has 32 years of investment experience and holds an MBA from St. John's University and an undergraduate degree from the City University of New York.

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Latest Insights

December 2014 The Great Escape

Although a rate hike is likely by mid-2015, we suggest focusing less on the exact timing of the Fed's first move and focusing more on the speed and magnitude of future hikes.

August 2014 Mrs. Sandman

The Fed cannot keep investors in their dream state forever, but interest rate levels in The New Neutral should go a long way toward keeping investors sleepy for some time and thereby dampen market volatility.

April 2014 Henny Pennies

The Fed policy rate and hence market interest rates are unlikely to rise as much in the next rate hike cycle as they have in past cycles.

February 2014 New Maestro, Seasoned Band

For all of the changes that occur at the Fed, including at the helm, continuity and the power of the institution take precedent.

December 2013 Coal in the Fed’s Stock-ing

This year, the Federal Reserve learned that it needs to adjust the mix of its policy tools.