Brij Khurana Profile
Brij Khurana
Fixed Income Portfolio Manager
Boston

Brij is a portfolio manager focused on global total return and unconstrained fixed income portfolios. He draws on the perspectives of Wellington Management’s global industry and credit analysts, specialist portfolio managers, and global macro strategists and conducts top-down and bottom-up research to identify and deliver actionable investment ideas across sectors, regions, and themes, primarily within the global fixed income markets.

Prior to joining Wellington Management in 2016, Brij was a senior vice president and portfolio manager at Pacific Investment Management Company (PIMCO), where he managed core, unconstrained, and multi-sector credit fixed income portfolios. He started his professional career trading structured products at Goldman, Sachs & Co. Brij received an MBA from Harvard Business School (2011) and a BA in economics from Princeton University (2007), with honors.

Insights By Brij Khurana

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Equity Economic cycle Interest rates Content CoE Program Global Program Americas Inflation Monetary policy Yielding insights Article
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What is “the economic cycle,” anyway?

See why the relationship between asset prices and the economic cycle is more complex than you might think, why a US recession is unlikely, and what a more dovish Fed could mean for the US and global markets.

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Brij Khurana

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5 min
Article
2025-10-31
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1153764271
Fixed income Monetary policy Yielding insights Content CoE Program Global Program Market commentary Americas Opportunistic Fixed Income Interest rates Article
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The real issue on rate cuts? Keep your eyes on the dot (plot)

Keep your eyes on the Fed's 2025 dot plot. The real story is where policy rates are headed, not just the next rate cut.

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Brij Khurana

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3 min
Article
2025-09-30
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568700443
Japan Market disruptions Volatility Content CoE Program Global Program Large cap Equity Hedge funds USA EMEA Germany Yielding insights Brand Fixed income Wealth Article
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What the yen carry trade unwind could mean for markets and the Fed

Brij Khurana explains why market participants are likely underestimating how foreign ownership of US assets could constrain the pace and magnitude of the Fed’s cutting cycle.

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Brij Khurana

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7 min
Article
2025-09-30
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1153764271
Economic cycle Interest rates Monetary policy Content CoE Program Global Program Yielding insights Article
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Walking a mile in Fed Chair Powell’s shoes

A slow roll on rate cuts by the Fed could frustrate markets and lead to more volatility ahead of the September FOMC meeting. See our take on what to expect for the next few weeks.

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Brij Khurana

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4 min
Article
2025-08-31
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551986071
Fixed income Market disruptions Volatility Content CoE Program Global Program Macro and market Multi-asset USA Article
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Ok, Boomer: How US generational wealth distribution could upend the economy and markets

Fixed Income Portfolio Manager Brij Khurana discusses the implications of US Baby Boomers' wealth concentration in the event of a market decline.

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Brij Khurana

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5 min
Article
2025-06-30
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Outlook Economic cycle Geopolitical Inflation Macro Article No Optimizely
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Global Economic Outlook

Our macro strategists continue to expect that the interlinkages between countries, central bank policies, and market pricing will change, creating potentially attractive opportunities for active portfolio management and security selection.

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Article
2025-06-30
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Mid Year Outlook Designs 4_sd_v2
Outlook Inflation Monetary policy USA Fixed income Fiscal policy Article
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The revenge of the monetarists

Fixed Income Portfolio Manager Brij Khurana makes the case for a monetarist explanation for moderating inflation.

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Brij Khurana

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5 min
Article
2025-06-30
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1300497464
Economic cycle Interest rates Monetary policy Fixed income program Inflation Fiscal policy USA Credit Article
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The Fed’s lessons learned from its COVID response

Fixed Income Portfolio Manager Brij Khurana breaks down the central bank's policy decisions during the pandemic and explains how they continue to affect financial markets.

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Brij Khurana

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6 min
Article
2025-04-30
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645912480
Economic cycle Interest rates Monetary policy Fixed income program Inflation Fiscal policy USA Credit Article
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Is the US economy really that different since COVID?

US economists have been touting the resilience of the post-COVID economic rebound. Brij Khurana dissects several key economic indicators to see what's really changed since 2019. 

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Brij Khurana

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Article
2025-03-31
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Economic cycle Interest rates Monetary policy Credit Americas China Europe Fixed income program Quick Take
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Bizarro World: Could 2024 be the opposite of 2023?

Fixed Income Portfolio Manager Brij Khurana details the dynamics that may upend investor expectations of a repeat of 2023 this year.

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By

Brij Khurana

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Quick Take
2025-01-17
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Volatility Credit Economic cycle Opportunistic Fixed Income Fixed income Americas Fixed income program Article
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Have the Fed’s recent comments just provided a tailwind for agency MBS?

Fixed Income Portfolio Manager Brij Khurana explains why the market may be missing an important nuance in the Fed's focus on financial conditions.

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Brij Khurana

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Article
2024-11-30
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Fiscal policy Government bonds Asset allocation Market commentary USA Fixed income Credit EM debt Opportunistic Fixed Income Quick Take
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The “cleanest dirty shirt” now has too many stains

Fixed Income Portfolio Manager posits that US fiscal profligacy will change the game for asset allocators. 

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Brij Khurana

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Quick Take
2024-09-30
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Artificial intelligence (AI) Credit Macro and market Fixed income program Inflation Americas Fixed income Quick Take
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What AI could mean for fixed income

Fixed Income Portfolio Manager Brij Khurana details the potential effects of artificial intelligence on the fixed income market.

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Brij Khurana

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Quick Take
2024-08-31
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USA Inflation Credit Quick Take Interest rates Fixed income Bank liquidity COVID
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State of the credit markets: Does cash rule everything around us?

Fixed Income Portfolio Manager Brij Khurana outlines the state of the credit market today, compares historical periods of quantitative easing, and warns credit investors of cash scarcity in the near future. 

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Brij Khurana

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Quick Take
2024-06-30
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Mid Year Outlook Designs
Outlook Inflation Interest rates Fixed income Americas Monetary policy Fiscal policy Economic cycle Article
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The “money illusion” economy: Misplaced faith in markets?

Fixed Income Portfolio Manager Brij Khurana shares a skeptical view of US Federal Reserve policy, his assessment of the current market backdrop, and his view of what the future could hold.

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Brij Khurana

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Article
2024-06-30
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Multi-asset Bank liquidity Inflation Fixed income USA Currency Volatility Interest rates Monetary policy Quick Take
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Three macro assumptions that could be just plain wrong

Fixed Income Portfolio Manager Brij Khurana offers his non-consensus take on three entrenched, but potentially flawed, beliefs in today's market environment.

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Brij Khurana

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Quick Take
2024-04-30
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Private equity Venture capital Private portfolio companies Multi-asset Fixed income Commodities Bank liquidity Economic cycle Geopolitical Monetary policy Interest rates WELLSaid Podcast No Optimizely Brand Podcast
Recession risk amid inflation and a banking crisis
Fixed Income Portfolio Manager Brij Khurana joins host Thomas Mucha to discuss today's bank liquidity crisis, recession risk, and how a hard landing could impact markets.
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Brij Khurana

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24:19 min
Podcast
Economic cycle Inflation Fixed income Quick Take
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US recession risk: No longer if, but when and how bad

Portfolio Managers Brij Khurana, Brian Garvey, and Nick Petrucelli believe many observers are underestimating the severity of a potential US recession this year. 

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Multiple authors

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Quick Take
2024-01-31
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hero_unique_perspectives_brij-720-484
Monetary policy Inflation Interest rates USA Quick Take No Optimizely Unique Perspectives
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No more Mr. Nice Guy? Fed Chair Powell talks tough on inflation

Fixed Income Portfolio Manager Brij Khurana offers his latest thoughts on Fed policy following the central bank's recent Jackson Hole meeting.

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Brij Khurana

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Quick Take
2023-09-30
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Emerging markets Credit EM debt Inflation Quick Take
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EM local debt: Forgotten but not forsaken
The emerging markets (EM) local debt sector (as measured by the JP Morgan Government Bond Index – Emerging Markets Global Diversified) just posted its worst calendar-year performance since 2013, returning -8.75% against the headwind of higher EM local interest rates. The underlying culprit? EM inflation surprised to the upside in 2021, forcing a number of EM central banks to raise their policy interest rates in an effort to curb the impact.
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Brij Khurana

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Quick Take
2022-09-30
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