Michael V. Salm

Co-Head of Fixed Income

Michael V. Salm


Mr. Salm is a Co-Head of Fixed Income. He manages the investment strategies related to mortgage and securitized products, interest-rate and volatility derivatives, and money markets. Mr. Salm is a portfolio manager of Putnam's core global, core plus, global government, fixed income global alpha, and dedicated mortgage strategies, and 37 Capital's Securitized Fixed Income strategy. In addition, he oversees Putnam's trading operations and fixed income quantitative teams. Mr. Salm joined Putnam in 1997 and has been in the investment industry since 1989.

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Years in the industry: 31
Years at Putnam Investments: 23

  • BlackRock Financial Management, Mortgage Specialist, 1996–1997
  • Nomura Securities, Vice President, Trader, 1994–1996
  • Nikko Securities, Vice President, Structurer, 1993–1994
  • Fitch Investor Services, Analyst, 1991–1992
  • Security Pacific Bank and Bankers Trust , Analyst, 1989–1991


  • Cornell University, B.S., Applied Economics and Management