Russ Koesterich is Managing Director and Portfolio Manager of BlackRock, the world's largest asset manager. He is the Portfolio Manager of the Global Allocation Funds, responsible for driving asset allocation and risk management for BlackRock's largest investment team, managing approximately $80 billion. Prior to his current role, he served as the Global Chief Investment Strategist for BlackRock as well as the Chief Investment Strategist for the iShares business, the world's largest provider of exchange traded funds. Prior to joining BlackRock, Russ was the Chief North American Strategist for State Street Global Markets in Boston. He is a frequent contributor to the financial news, where he provides unique insight for both the economy and the markets from the head chair of one of the world’s biggest portfolios.
Russ Koesterich Professional Experience / Academic History
Professional Experience
Academic History
BLACKROCK
Since 2005, Russ has worked at Barclays Global Investors and BlackRock, the world's largest asset manager, with over $4.5 trillion in assets.
Previously, he was BlackRock's Global Chief Investment Strategist and Chairman of the Investment Committee for the Model Portfolio Solutions business.
He formerly served as the Global Head of Investment Strategy for scientific active equities and as senior portfolio manager in the U.S. Market Neutral Group.
Today, he is the Founder and Lead Portfolio Manager for the BlackRock GA Selects Model Portfolio franchise, where he works with portfolio managers to establish the fund’s macro-level views and also develops systematic strategies to augment the team’s security-selection process and risk management.
EARLY CAREER
Before joining BlackRock, Russ was the Chief North American Strategist for State Street Global Markets in Boston.
He began his investment career at Instinet Research Partners, where he occupied several positions in research, including Director of Investment Strategy for both U.S. and European research and Equity Analyst.
MEDIA & PUBLICATIONS
A financial services veteran with 22 years of experience in the industry, Russ has become a frequent contributor to the financial news.
He has made appearances on CNBC, Bloomberg, and Fox Business television.
He has been featured in The Wall Street Journal, Business Insider, Financial Times, Yahoo! Finance, and MarketWatch.
He is the author of two books, including “The Ten Trillion Dollar Gamble,” on positioning portfolios for the growing U.S. deficit.