Interview with Marlene Puffer in The Analyst, Toronto CFA Society, September 2014.
Sovereign Debt
The Future of Fixed Income

April 28-29, 2014. Marlene Puffer, 2014 Benefits & Pensions Summit, Toronto, Marriott Eaton Centre.
Global Fixed Income Strategy

Dr. Puffer was Chief Strategist, Global Fixed Income at BCA Research. She provided independent macroeconomic analysis and fixed income investment strategy to top institutional clients worldwide. Paid subscribers to her weekly reports included the world’s top pension funds, money managers, trading desks and hedge funds. She recommended successful value-added portfolio strategies and specific trades, guiding investors through the European crisis, Japan’s monetary policy regime shift and extraordinary central bank intervention. Her team published a weekly bulletin and in-depth special reports with clear investment recommendations and trade ideas in major sovereign and credit markets. Special Reports included in-depth analysis of European vs. U.S. corporate credit markets, emerging market debt in the context of investment grade bond portfolios, and individual country/regional reports. Dr. Puffer travelled globally to meet with clients.
Since 1949, BCA Research has been one of the world’s top independent providers of global investment research and leading-edge market analysis.
Bondholder Litigation Support
Twist Financial provides expert witness reports, testimony and litigation support in various areas of the capital markets. Previous cases have included the BCE vs. Bondholders case that went to the Supreme Court of Canada, high yield emerging markets debt, and determining the current value of damages due to Telus bondholders in a case of early redemption.
Evaluation of the Canada Mortgage Bond Program
Dr. Puffer was part of a large team of consultants evaluating the Canada Mortgage Bond program which finances the majority of mortgage lending in the Canadian market. The focus of the study was on Canada’s residential mortgage market from 2001-2006, with an update following market developments since August, 2007. Twist Financial component reports included a report on Capital Markets, a report on Canadian Mortgage Markets (with KPMG), and a Literature Review, with Prof. Paul Halpern and Prof. Alexandra Mackay, from the Rotman School of Management, University of Toronto. Other consultants on the project included ALM Model Metrics, KPMG, Dr. Michael Lea of Cardiff Economic Consulting. The final summary report is here.
Adventure Travel in Bond Land
Calling all Long Bonds
Marlene Puffer in Canadian Investment Review, Winter 2006
Read the ArticleGlobalization for the Duration
KPMG LLP – CMHC Report,
Twist Financial interviewed markets participants associated with the CMB program, wrote extensive studies on the structure of Canadian mortgage and funding markets and on the academic literature that contributed to this report. Dr. Puffer wrote the Addendum on Current Market Conditions (Annex C of the Report) that updated the report's findings to reflect the events and market reaction associated with the financial crisis.
Marlene Puffer in Benefits and Pensions Monitor,
KPMG LLP - CMHC Report,
Twist Financial interviewed markets participants associated with the CMB program, wrote extensive studies on the structure of Canadian mortgage and funding markets and on the academic literature that contributed to this report. Dr. Puffer wrote the Addendum on Current Market Conditions (Annex C of the Report) that updated the report's findings to reflect the events and market reaction associated with the financial crisis.
Marlene Puffer in Benefits and Pensions Monitor,
Marlene Puffer in Canadian Investment Review, pill Summer 2008.
Reprinted in part in the Toronto CFA Society Analyst Newsletter, Fall, 2008
KPMG LLP - CMHC Report,
Twist Financial interviewed markets participants associated with the CMB program, wrote extensive studies on the structure of Canadian mortgage and funding markets and on the academic literature that contributed to this report. Dr. Puffer wrote the Addendum on Current Market Conditions (Annex C of the Report) that updated the report's findings to reflect the events and market reaction associated with the financial crisis.
Marlene Puffer in Benefits and Pensions Monitor,
Marlene Puffer in Canadian Investment Review, pill Summer 2008.
Reprinted in part in the Toronto CFA Society Analyst Newsletter, Fall, 2008
Marlene Puffer in Canadian Investment Review, more about physician Winter, doctor 2007
Reprinted in part in the Toronto CFA Society Analyst Newsletter, March, 2008
KPMG LLP - CMHC Report,
Twist Financial interviewed markets participants associated with the CMB program, wrote extensive studies on the structure of Canadian mortgage and funding markets and on the academic literature that contributed to this report. Dr. Puffer wrote the Addendum on Current Market Conditions (Annex C of the Report) that updated the report's findings to reflect the events and market reaction associated with the financial crisis.
Marlene Puffer in Benefits and Pensions Monitor,
Marlene Puffer in Canadian Investment Review, pill Summer 2008.
Reprinted in part in the Toronto CFA Society Analyst Newsletter, Fall, 2008
Marlene Puffer in Canadian Investment Review, more about physician Winter, doctor 2007
Reprinted in part in the Toronto CFA Society Analyst Newsletter, March, 2008
Marlene Puffer in Benefits Canada, pills October 2007
KPMG LLP - CMHC Report,
Twist Financial interviewed markets participants associated with the CMB program, wrote extensive studies on the structure of Canadian mortgage and funding markets and on the academic literature that contributed to this report. Dr. Puffer wrote the Addendum on Current Market Conditions (Annex C of the Report) that updated the report's findings to reflect the events and market reaction associated with the financial crisis.
Marlene Puffer in Benefits and Pensions Monitor,
Marlene Puffer in Canadian Investment Review, pill Summer 2008.
Reprinted in part in the Toronto CFA Society Analyst Newsletter, Fall, 2008
Marlene Puffer in Canadian Investment Review, more about physician Winter, doctor 2007
Reprinted in part in the Toronto CFA Society Analyst Newsletter, March, 2008
Marlene Puffer in Benefits Canada, pills October 2007
Marlene Puffer quoted in the New York Times, online Globe and Mail, pharmacy and Reuters on the financial crisis, August 2007.
KPMG LLP - CMHC Report,
Twist Financial interviewed markets participants associated with the CMB program, wrote extensive studies on the structure of Canadian mortgage and funding markets and on the academic literature that contributed to this report. Dr. Puffer wrote the Addendum on Current Market Conditions (Annex C of the Report) that updated the report's findings to reflect the events and market reaction associated with the financial crisis.
Marlene Puffer in Benefits and Pensions Monitor,
Marlene Puffer in Canadian Investment Review, pill Summer 2008.
Reprinted in part in the Toronto CFA Society Analyst Newsletter, Fall, 2008
Marlene Puffer in Canadian Investment Review, more about physician Winter, doctor 2007
Reprinted in part in the Toronto CFA Society Analyst Newsletter, March, 2008
Marlene Puffer in Benefits Canada, pills October 2007
Marlene Puffer quoted in the New York Times, online Globe and Mail, pharmacy and Reuters on the financial crisis, August 2007.
Marlene Puffer in Canadian Investment Review, pilule Winter 2006
KPMG LLP - CMHC Report,
Twist Financial interviewed markets participants associated with the CMB program, wrote extensive studies on the structure of Canadian mortgage and funding markets and on the academic literature that contributed to this report. Dr. Puffer wrote the Addendum on Current Market Conditions (Annex C of the Report) that updated the report's findings to reflect the events and market reaction associated with the financial crisis.
Marlene Puffer in Benefits and Pensions Monitor,
Marlene Puffer in Canadian Investment Review, pill Summer 2008.
Reprinted in part in the Toronto CFA Society Analyst Newsletter, Fall, 2008
Marlene Puffer in Canadian Investment Review, more about physician Winter, doctor 2007
Reprinted in part in the Toronto CFA Society Analyst Newsletter, March, 2008
Marlene Puffer in Benefits Canada, pills October 2007
Marlene Puffer quoted in the New York Times, online Globe and Mail, pharmacy and Reuters on the financial crisis, August 2007.
Marlene Puffer in Canadian Investment Review, pilule Winter 2006
Marlene Puffer and Maureen Stapleton, abortion October 2009, in Canadian Investment Review
Widening the Search for Outperformance Returns now that Foreign Content Limits have been Lifted
May 12, 2006, BMO Nesbitt Burns Women in Fixed Income Industry Forum, Niagara-on-the-Lake, Ontario.
Read the ArticleGlobal Bonds: Easier said than done?
May 3, 2006, Toronto CFA Society, Toronto, Ontario
Read the Article