Brett S. Kozlowski, CFA
Co-Head of Structured Credit
Mr. Kozlowski is Co-Head of Structured Credit within Fixed Income, focusing on Putnam's structured
credit strategies as well as 37 Capital's alternative structured credit strategies. He is responsible for
developing investment strategies within structured credit sectors, including commercial mortgage and
structured finance securities. Mr. Kozlowski also leads Putnam’s ESG effort within structured credit. He
collaborates with portfolio managers and analysts on ESG integration to assess the fundamental
relevance of ESG issues at a security level, and the potential for alpha generation and risk mitigation at
the portfolio level.
Mr. Kozlowski is a Portfolio Manager of Putnam Diversified Income Trust, Putnam Income Fund, Putnam
Master Intermediate Income Trust, Putnam Mortgage Opportunities Fund, Putnam Mortgage Securities
Fund, Putnam Premier Income Trust, Putnam Short Duration Bond Fund, and several institutional
portfolios. In addition, he is a Portfolio Manager of 37 Capital’s Structured Credit and Private Mortgage
funds. Mr. Kozlowski joined Putnam in 2008 and has been in the investment industry since 1997.
More from the Fixed Income team
Sector views
Fixed income markets experienced widespread declines in the U.S. and globally in the third quarter of 2022, as inflation remained high and became more broad-based.
Where to watch for job losses, by sector
Young businesses are a major source of employment, a key variable determining the economic cycle.
Expect a pause, not a pivot, as savings fuel spending
In the coming months, the Fed will not likely pivot, but pause and wait with a high level of rates for convincing signs of disinflation.
High job openings signal wage-price spiral
Limited labor supply, higher wages, and a high staff turnover seems to have initiated a wage-price spiral.