Marshall Auerback

Auerback has over 20 years of experience in the investment management business. He served as a director and global portfolio strategist for the Canada-based fund management group Pinetree Capital. He also was head of economic research for Madison Street Partners, a Denver-based investment management group, and he worked as an economic consultant to PIMCO, the world’s largest bond fund management group. In addition, Auerback is a Research Associate at the Levy Economics Institute of Bard College and a Research Fellow for the Economists for Peace and Security. (

Previously, Auerback managed the Prudent Global Fixed Income Fund for David W. Tice & Associates and assisted with the management of the Prudent Bear Fund. He also worked as an international economics strategist for Veneroso Associates, which provided macroeconomic strategy to a number of leading institutional investors. Prior to that, Auerback ran an emerging markets fund for Tiedemann Investment Group in New York. He began his finance career as an investment manager at GT Management, focusing on the markets of Japan, Australia, and the Pacific Rim, while based in Hong Kong and then Tokyo.

Auerback graduated magna cum laude from Queen’s University in Canada and received a post-graduate masters degree from Oxford University.

By this expert

When is a Bubble a Bubble?

Article | Jan 11, 2014

Bubbles have become a major focus of discussion in today’s financial markets. But very few people actually define what they mean when describing this financial phenomenon.

Five Years on from Lehman: The More Things Change, the More They Stay the Same

Article | Sep 22, 2013

Sadly, it is questionable whether the economy has really improved.

Why Raising the Minimum Wage Makes Economic Sense

Article | Apr 13, 2013

A minimum wage is a small minnow in an ocean of deficient aggregate demand

Russia to the Rescue of Cyprus?

Article | Mar 20, 2013

There is a certain rich irony attached to the sight of corrupt Russian oligarchs now posing as liberal champions of the rule of law as they find themselves sucked into the maelstrom of Cyprus’s ongoing financial crisis.

Featuring this expert

Wealth & Inequality: Back to the Future

Video | Jun 29, 2016

What fraction of total economic growth accrues to the top 10%, top 1%, etc.? How does growth per capita of the bottom 90% compare to overall growth? Zucman discusses his research and efforts to bring more hard data into the inequality dialogue.

How do we prevent future financial crisis in emerging markets?

Video | Apr 12, 2016

Should policymakers rely on domestic macroprudential regulation in their quest for greater financial stability?

China’s Coming Debt Crisis?

Video | Mar 22, 2016

The condition of the Chinese economy is increasingly becoming a significant factor exorcising the minds of global policy makers.

Wealth Inequality in the US and Beyond

Video | Mar 15, 2016

It’s no secret that wealth inequality has grown, both in the US and abroad over the past several decades. What has been particularly notable about the work of Emmanuel Saez is the quantification of that inequality.