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. In addition, he oversees trading operations and fixed-income quantitative teams. He is a portfolio manager of core global, core plus, global government, fixed income global alpha, and dedicated mortgage strategies, as well as fixed income hedge funds. Mr. Salm joined Putnam in 1997 and has been in the investment industry since 1989.

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Years in the industry: 30
Years at Putnam Investments: 22

  • 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


  • Cornell University, B.S.