Mackenzie Fixed Income Team

Striving for the best possible risk-adjusted return for the investor.

Steve Locke

Senior Vice President, Portfolio Manager, Head of Team

Strategies under management

Mackenzie High Yield Fixed Income

Philosophy and process

The Mackenzie Fixed Income Team believes that fixed income management today must be rooted in a deep, multifaceted understanding of risk. Extensive collaboration among our team members, each with their own area of expertise in a segment of the fixed income markets, achieves a holistic understanding of the interdependent market drivers affecting portfolios. We integrate qualitative and quantitative research perspectives to formulate views on interest rates, currencies, and credit risk. We augment that research with rigorous fundamental credit analysis which seeks to identify companies with stability in earnings and strong free cash flow, but which also assesses company risks and asset values designed to manage downside risk at all points during the credit cycle. We actively manage a diverse array of fixed income strategies with the philosophy to always strive for the best risk-adjusted return for the investor.

Portfolio Managers

Steve Locke, MBA, CFA

Senior Vice President, Portfolio Manager, Head of Team

Mackenzie Fixed Income Team

Investment experience since 1995

Steve Locke, Senior Vice President, Investment Management, is Head of the Mackenzie Fixed Income Team.

Steve’s career in the investment industry began in 1995. He joined Howson Tattersall Investment Counsel in 2003, and the company became part of Mackenzie Investments in 2008. Prior to 2003, Steve’s work experience included five years managing insurance, pension, and retail segregated fund portfolios in Canada, as well as several years as a Credit Analyst and Bond Trader.

Steve has a BA from York University and an MBA from the Schulich School of Business. He is also a CFA charterholder.

Konstantin Boehmer, MBA

Senior Vice President, Portfolio Manager

Mackenzie Fixed Income Team

Investment experience since 2003

Konstantin Boehmer, Senior Vice President, Investment Management, is a Portfolio Manager on the Mackenzie Fixed Income Team. He focuses on actively managing global fixed income using qualitative and quantitative strategies.

Konstantin joined Mackenzie Investments in July 2013. His portfolio management career began in 2003 at an asset management company in Germany. He transferred to the company’s New York office in 2009, achieving progressively senior portfolio management positions. Konstantin’s focus throughout his career has been the active management of global sovereign, quasi-sovereign, and emerging markets yield curves and currencies. He has also managed inflation-linked fixed income products.

Konstantin has a Bachelor First Class Honours degree (European Business and Spanish) from the University of Hertfordshire in the UK. In 2017, he earned his Master’s degree in Business Administration from the Massachusetts Institute of Technology.

Felix Wong, MBA, CFA

Vice President, Portfolio Manager

Mackenzie Fixed Income Team

Investment experience since 1988

Felix Wong, Vice President, Investment Management, is a Portfolio Manager on the Mackenzie Fixed Income Team. In his current role, he is responsible for developing trade ideas and overseeing the implementation of tactical portfolio management across investment-grade portfolios. Felix also contributes to corporate credit research on Canadian companies in various market sectors.

Felix’s career in the investment industry began in 1988. He joined Howson Tattersall Investment Counsel in 1999, and the company became part of Mackenzie Investments in 2008. His previous roles included serving as Assistant Vice President of credit at a large international bank, where he analyzed corporate lending transactions to Canadian corporations, as well as acting as a Research Analyst covering Asian-Pacific industries and companies.

Felix has BSc and MBA degrees from the University of Toronto. He is also a CFA charterholder.

Dan Cooper, CFA

Vice President, Portfolio Manager

Mackenzie Fixed Income Team

Investment experience since 2003

Dan Cooper, Vice President, Investment Management, is a Portfolio Manager on the Mackenzie Fixed Income Team. His current role encompasses the management of over $1.7 billion of high-yield bonds and loans.

Dan joined Mackenzie Investments in 1997, working in various non-investment related capacities before joining the Mackenzie Fixed Income Team as a High-Yield Analyst in 2006.

Dan has a Bachelor of Administrative Studies degree from York University, and he is a CFA charterholder.

Movin Mokbel, MBA, CFA

Vice President, Portfolio Manager

Mackenzie Fixed Income Team

Investment experience since 2000

Movin Mokbel, Vice President, Investment Management, is a Portfolio Manager on the Mackenzie Fixed Income Team. Movin contributes to the management of high-yield bond mandates, including analyzing corporate issuers across several high-yield bond sectors and in the leveraged loan market.

Movin’s career in the investment industry began in 2000, and he joined the Mackenzie Fixed Income Team in 2012. His previous experience includes roles as a High-Yield Analyst and deal-structuring investment banker.

Movin received a BSc from York University, as well as an MBA from the University of Toronto. He is also a CFA charterholder.

Dustin Reid, MBA

Vice President, Investment Management, Chief Fixed Income Strategist

Mackenzie Fixed Income Team

Investment experience since 1997

Dustin Reid, Vice President, Investment Management is Mackenzie's Chief Fixed Income Strategist. He helps determine macro positioning by providing views on central banks, monetary and fiscal policy, macroeconomic data, inflation, sovereign debt dynamics, and geopolitics.

Dustin has been working in the investment industry since 1997. Prior to joining Mackenzie in 2018, he held a Chief Market Strategist position and other advisory roles at several US-based firms. His Canadian experience includes senior roles in quantitative research and trading roles in the financial services sector.

Dustin has a Bachelor of Arts in Economics from McGill University and an MBA from the Ivey School of Business at the University of Western Ontario.

Caroline Chan, MBA, CFA

Vice President, Portfolio Manager

Mackenzie Fixed Income Team

Investment experience since 2002

Caroline Chan, Vice President, Investment Management, is a Portfolio Manager on the Mackenzie Fixed Income Team. Caroline primarily focusses on the day-to-day management of investment-grade portfolios.

She brings a wide range of experience to her role. She began her career with an industry-leading professional services consulting firm. Following a two-year stint as a software engineer at a Boston-based insurance company, she worked on both the sell-side and buy-side at several international financial institutions in London and Hong Kong.

Caroline has a Bachelor of Applied Science degree in Electrical Engineering and Mathematics from the University of Waterloo and holds an MBA from the Sloan School of Management at the Massachusetts Institute of Technology. She is also a CFA charterholder.

Insights

Global Macroeconomic Update - April, 2020

The human toll of the Covid-19 virus has wreaked havoc on hundreds of thousands of lives while the economic toll on hundreds of millions.

5 minute read

Global Macroeconomic Update - March 9, 2020

When we said in our last update that, thematically, 2020 has the potential to be just as interesting as 2019 with a few surprises, we certainly didn’t believe we would be off to this much of a bang this quickly. A fat tail indeed.

5 minute read

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The Looming Pension Crisis Part III : U.S. Public Pension Plans

Our first paper in this series outlined the critical role aging demographics and the unsustainability of defined benefit plans have on the looming global pension crisis. Our second paper described the relative risks and country rankings associated with government pension plans globally.

5 minute read

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The Looming Pension Crisis Part II: Government Pension Plans

Our first paper in this three-part series laid out the significant issues facing both public and private pension plans. We looked at the societal importance of public pension promises and why promises made, need to be kept. To do so, difficult choices will have to occur very soon.

5 minute read

The Looming Pension Crisis: Why it Matters and How to Prepare

Retirement planning requires plenty of thought and substantive analysis. Many pieces of that process include vague estimates about potential return, potential income growth, potential life span, and potential spending habits and obligations.

5 minute read