People

Michael Ashton

Michael Ashton

Formal First Name
Michael
Location

Michael Ashton is Managing Principal at Enduring Investments, a specialty consulting firm focused on the inflation market. Prior to this, he had a 20-year career at Wall Street, where he worked as a trader, strategist, and salesman at large investment banks. Ashton is known as one of the pioneers in U.S. inflation market innovation. Since 2003, he has been a leading force in developing new instruments and methods for accessing and hedging various inflation exposures. He is now widely recognized as a premier subject matter expert on inflation products and inflation trading.

Professional Experience


Academic History

  • Ashton traded the first interbank U.S. CPI swaps while at Barclays.
  • He invented and was the sole market-maker for the CME CPI Futures contract.
  • He specializes in fixed-income options trading, relative-value analysis, and inflation trading. 
  • He has written extensively about the use of inflation-indexed products for hedging real exposures.
  • He has written more broadly in a commentary format about the rates markets and macroeconomy. 
  • He frequently speaks in front of professional and retail audiences.
  • He was awarded his CFA charter in 2001.
  • He has appeared as a guest on Real Vision.