Michael V. Salm

Co-Chief Investment Officer, Fixed Income

Michael V. Salm


Mr. Salm is Co-Chief Investment Officer of Fixed Income and a member of Putnam's Operating Committee. He is responsible for the overall strategy and positioning of Putnam’s fixed-income portfolios. Mr. Salm also oversees Putnam's trading operations and fixed-income quantitative teams. He specializes in investment strategies related to mortgage and structured credit products, interest-rate and volatility derivatives, and money markets. He is a Portfolio Manager of Putnam’s Core, Core Global, Core Plus, Dedicated Mortgage, Fixed Income Global Alpha, Global Government, and Ultra Short Duration Income strategies, in addition to 37 Capital's Structured Credit strategies. 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