The Odd Couple Of 2026: Cyclicals And Defensives

Core Insights - Russ Koesterich is a Managing Director and portfolio manager for BlackRock's Global Allocation Fund, with a long tenure at the firm since 2005, including his time at Barclays Global Investors which merged with BlackRock in 2009 [1] - He has held various significant roles within BlackRock, including Global Chief Investment Strategist and Chairman of the Investment Committee for Model Portfolio Solutions [1] - Koesterich has a strong academic background with degrees from Brandeis University, Boston College, and Columbia University, and is a CFA Charterholder [1] Company Overview - BlackRock's Global Allocation team is part of the Multi-Asset Strategies Group, focusing on asset allocation strategies [1] - The firm has a diverse investment strategy, leveraging Koesterich's extensive experience in investment strategy and portfolio management [1] Professional Background - Koesterich's previous roles include Chief North American Strategist at State Street Bank and Trust and Director of Investment Strategy at Instinet Research Partners [1] - He has authored two books, with the latest titled "The Ten Trillion Dollar Gamble," indicating his thought leadership in the investment space [1]