John Pattullo

Co-Head of Strategic Fixed Income | Portfolio Manager
John Pattullo | Janus Henderson Investors

John Pattullo is Co-Head of Strategic Fixed Income at Janus Henderson Investors. He manages and co-manages a range of strategic fixed income strategies and funds meeting different client needs globally. John joined Henderson in 1997 as a trainee manager in corporate bonds and was head of the Strategic Fixed Income Team from 2009 until 2015 when he became Co-Head with Jenna Barnard. Prior to Henderson, he spent four years as a chartered accountant at PricewaterhouseCoopers.

John has an MA (Hons) in economics from the University of St Andrews. He is a member of the Institute of Chartered Accountants of Scotland (CA) and an associate member of the Society of Investment Professionals (ASIP). He has 27 years of financial industry experience.

Articles Written

Essentials: Strategic Fixed Income

Essentials: Strategic Fixed Income

In this ‘Essentials’ video, Co-Heads of the Strategic Fixed Income at Janus Henderson Investors, John Pattullo and Jenna Barnard, provide an overview of the team’s philosophy and approach to investments, while outlining the factors that differentiate their style from peers.

Square root recovery

Square root recovery

​A decade on from the Global Financial Crisis, economic recovery has turned out to be both one of the weakest, and the longest, in modern history. John Pattullo, Co- Head of Strategic Fixed Income, shares his views on economic growth since the downturn, and into the future.

‘Peak’ everything?
Mega Trends

‘Peak’ everything?

A number of disruptive trends in the economy are reshaping the investment landscape. In this video summary and article, John Pattullo, Co-Head of Strategic Fixed Income, examines the various peaks and troughs in industries, markets and the economy, which, together with demographic trends and behavioural changes, are contributing to the current low growth, low inflation environment.

Credit markets: tactics for the seventh inning stretch?

Credit markets: tactics for the seventh inning stretch?

Bond markets seem to be frozen in time and the credit cycle, which has seemingly become stuck, could stay that way for a long time. John Pattullo, Co-Head of Strategic Fixed Income, explains the reasons why, and how to set about looking for returns in the low growth, low inflation world around us.

Strategic Fixed Income: reflation for now, but will it last?

Strategic Fixed Income: reflation for now, but will it last?

John Pattullo, Co-Head of Strategic Fixed Income, shares his views on why the ‘Trump bump’ should not be confused with a permanent return of growth and inflation.

Trump-o-nomics: the importance of US-aligned portfolio positioning

Trump-o-nomics: the importance of US-aligned portfolio positioning

John Pattullo, Co-Head of Strategic Fixed Income, looks at the impact of the Trump victory on the financial markets and provides his assessment of the likely effects and success of his policies.

Strategic Fixed Income: reflation narrative exaggerates longer-term reality

Strategic Fixed Income: reflation narrative exaggerates longer-term reality

Since June, US 10-year Treasury yields have risen and developed economies have witnessed a reflationary uptick, while markets have focused heavily on the next US rate hike in December as well as the prospects of imminent fiscal expansion. John Pattullo, Co-Head of Strategic Fixed Income, believes markets may be getting a little carried away by the reflation narrative.

Buy investment grade, wear diamonds

Buy investment grade, wear diamonds

​John Pattullo, Co-Head of Strategic Fixed Income, offers his views on credit markets and the prospects for the global economy.

Swap Shop and the sharing economy

Swap Shop and the sharing economy

John Pattullo, Co-Head of Retail Fixed Income, takes a look at the new sharing economy and its disruptive influence on economic participants. For bond investors, the ramifications are particularly interesting as the sharing economy looks set to exert deflationary forces, which lends support to the view that interest rates could stay lower for longer.

Turning Japanese – a world that looks increasingly Japanese as deflationary forces take their toll

Turning Japanese – a world that looks increasingly Japanese as deflationary forces take their toll

John Pattullo looks at the deflationary impact of globalisation and the world’s balance sheet recession, and asks what this means for fixed income investors

Sticking to the knitting — bond investing in a deflationary world

Sticking to the knitting — bond investing in a deflationary world

John Pattullo, Co-Manager of the Strategic Bond and Preference Bond funds at Henderson, provides a brief update on the markets and his strategies.

If it rolls, floats or flies — we rarely lend it money

If it rolls, floats or flies — we rarely lend it money

​There is an interesting debate going on in the world of fixed income currently: is high yield credit a cyclical asset class or a structural growth story? John Pattullo, Head of Retail Fixed Income shares his views.