Carlos J. Morales
About Carlos J. Morales
Carlos J. Morales is the Head of Asset Allocation at MassMutual in Boston, Massachusetts, with a background in quantitative analysis and portfolio solutions.
Title
Carlos J. Morales is the Head of Asset Allocation at MassMutual in Boston, Massachusetts.
Current Company
Carlos J. Morales currently works at MassMutual, where he holds the position of Head of Asset Allocation. He operates out of the Boston, Massachusetts office.
Previous Work Experience
Carlos J. Morales has extensive experience in the financial services industry. He served as Managing Director - Head of Portfolio Solutions at New York Life Insurance Company from 2022 to 2024 in New York, New York. Prior to that, he was the Director of Strategy and Asset Allocation at Liberty Mutual Insurance from 2017 to 2022 in the Greater Boston Area. He also worked as a Quantitative Investor at Sentinel Investments from 2016 to 2017 in Montpelier, Vermont, and at GMO from 2013 to 2016 in the Greater Boston Area. Earlier, he was a Quant Analyst VP, Associate Partner at Wellington Management from 2007 to 2013 and a Quant Analyst at State Street from 2005 to 2007 in the Greater Boston Area. Additionally, he served as an Assistant Professor at Worcester Polytechnic Institute from 2002 to 2005 and as a Quantitative Analyst at Edison Mission Energy from 1999 to 2002.
Education and Expertise
Carlos J. Morales holds a Ph.D. in Mathematics from Boston University, which he attained from 1997 to 2002. He also has a BA and MA in Math and Philosophy from the University of Houston, completed between 1987 to 1995. His expertise includes developing scenario-based models for HYG ETF buy-and-hold and dynamic composition simulations through economic cycles, forecasting correlation and volatility regimes for portfolio construction, estimating sector and issuer credit curves by adjusting for liquidity scores, and modeling transaction costs in fixed income using TRACE data.