Fixed Income

Fixed income broadly refers to those types of investment security that pay investors fixed interest or dividend payments until their maturity date. At maturity, investors are repaid the principal amount they had invested. Government and corporate bonds are the most common types of fixed-income products. Unlike equities that may pay out no cash flows to investors, or variable-income securities, where payments can change based on some underlying measure—such as short-term interest rates—the payments of a fixed-income security are known in advance and remain fixed throughout. In addition to purchasing fixed-income securities directly, there are several fixed-income exchange-traded funds (ETFs) and mutual funds available to investors.

Michael Chen


Michael Chen is currently in his third year pursuing a degree in Mathematics at the University of Cambridge. Previously, he served as an analyst on the FIG team at ODT Capital and on the quantitative risk team at the Cambridge Student Investment Fund. Additionally, Michael has completed a spring insight program in the sales and trading division at Morgan Stanley. During his summer internship at BNP Paribas, he rotated through responsibilities on the G10 rates (eRates) and Financial Credit Analysis desk.

Evelyn Lu


Evelyn Lu is a second-year Economics student at the University of Cambridge. She completed spring internships at BNP Paribas Global Markets and Fidelity International Asset Management, and additionally, she undertook internships in private equity and consulting during the previous summer.


Dean Hwang

Chenghao Yuan

Rishi Ambalkar

Jiabin Zhang


University of Cambridge