Michael Schueller, CFA
Biography
Michael (Mike) Schueller is a senior portfolio manager and co-leads U.S. high yield for the Plus Fixed Income team at Allspring Global Investments. In this capacity, he has oversight and portfolio management responsibilities for separate accounts, mutual funds, and commingled vehicles across a range of strategies. He joined Allspring from its predecessor firm, Wells Fargo Asset Management (WFAM). He joined WFAM as a senior investment research analyst from Strong Capital Management, where he held a similar position. Mike rejoined Strong in 2000, having left the firm to start a trust department for Community Bank & Trust in Sheboygan, Wisconsin. Before that, he served as associate counsel for Strong’s legal department. Prior to this, Mike practiced law with Reinhart, Boerner, Van Deuren, Norris & Rieselbach, S.C., in Milwaukee, specializing in corporate reorganizations, mergers, and acquisitions. He began his investment industry career in 1998. Mike earned a bachelor’s degree in economics from the University of Minnesota and a law degree from the University of Wisconsin, Madison. He has earned the right to use the Chartered Financial Analyst® (CFA®) designation.
Published insights
Fixed income benchmark construction has two fundamental flaws. First, exposures prioritize the needs of borrowers rather than investors. Second, this tends to expose investors to the biggest risks at the worst times.
Two of Allspring’s senior portfolio managers and high yield specialists, Chris Lee and Mike Schueller, sit down with Daniel Sarnowski to discuss recent volatility and why focusing on shorter-duration, higher-quality high yield assets could be the answer in uncertain markets.