Update Client Magazine for Institutional

Stefan Hofrichter

Stefan Hofrichter, Update Magazine, Allianz Global Investors

Stefan Hofrichter has been Head of Global Economics and Strategy Group at Allianz Global Investors since 2011. His research activity focuses on the areas of global and European economic development, asset allocation and equity strategy.

He joined the company in 1996 as a European equity portfolio manager. Since 1998, he has been working in the field of macroresearch. Between 2004 and 2010, he also managed European and global balanced funds, multi-asset-absolute-return funds and multi-manager-alpha-porting funds. Stefan Hofrichter became a member of the AllianzGI Global Policy Council, which determines the company’s medium-term capital market assessments. Since 2013, he has also been a member of the newly created investment committee for tactical asset allocation, which is responsible for the investment strategy of the multi-asset mandates managed in Europe. From 2010 to 2012, he chaired the Asset Allocation Committee for balanced funds managed out of Frankfurt. Stefan Hofrichter holds a degree in Economics from the University of Konstanz (1995) and in Business Administration from the University of Applied Sciences of the Deutsche Bundesbank, Hachenburg. He became a CFA Charterholder in 2000.

  • The Economics of Populism: why populism matters to growth and markets

    In a clear signal from voters who feel left behind by globalization,...

  • Update Magazine,  Allianz Global Investors, Strategic Outlook, March 2017

    Global monetary stimulus: near the peak?

    Monetary policy has been a key driver for capital markets especially...

  • Will the West turn Japanese?

    With growth in developed economies, notably in Europe, still lackluster...

  • Has monetary policy ultimately become too loose?

    Globally, central bank rates remain stubbornly close to all-time lows...

  • Is there scope for fiscal easing?

    Stefan Hofrichter, Global Head of Economics and Strategy, speaking about...

  • Update Magazine, Allianz Global Investors, Outlook 2015, Volatility

    Outlook for 2015: be prepared for rising volatility

  • The case for Emerging Market currencies in the long run … and possibly also now

    After the significant weakness in emerging market currencies at the end...

  • Update Magazine I/2014, Allianz Global Investors, Deflation or Disinflation, Outlook

    Will Deflation Follow Disinflation? Inflation Outlook for the Next Two Years

    In Europe and the United States, inflation rates have been dropping for...

  • Update Magazine - IV 2013 - Allianz Global Investors - Smart Risk

    Outlook 2014: Risky not to Be in Risky Assets

    Taking risks is all about shrewd calculation – “Smart risk” is the answer