Pacific Investment Management Co. is the world’s largest bond fund ($1.2 trillion). Bill Gross, its founder, talks about Portugal.
Thursday 13 January 2011
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2011
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January
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- Reality check
- Germany's pact for competitiveness
- Locus of control
- A "dry" political system?
- Why not...
- The State problem
- Labour law and firm performance
- An Economic or a Political Problem?
- Is the labour market too rigid?
- Cues about "the political problem"
- No political problem?
- You're Not Alone
- Debt average interest rates
- Is the Forest Black?
- Interpreting the news...
- Pimco's manager, on Portugal et al.
- Teachers can be proud of PISA
- Good Old Times
- on the news
- Bank of Portugal - new bulletin
- A huge success
- and the news are...
- Portugal's puzzle
- What are we afraid of?
- Broadband in schools and student achievement
- the smell of napalm
- What explains the Portuguese PISA results?
- A German's view over the South
- A timely suggestion for our current troubles
- Grand Challenges
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January
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I think the beginning said everything. Pimco is beating 99% of the competitors because they are so huge that they can manipulate whatever they want... that's the only way they can beat the market because they make the market... in my business everyone knows that one cannot go against PIMCO. Again, the problem of lack of supervision... it's urgent that the countries create mechanisms to avoid hedge funds to grow this much. Apart of this, the rest is just blablabla
ReplyDeleteThis interview just confirms what many suspected. Investors looking at Portuguese debt right now, aside from Portuguese banks, are high-risk, high yield investors.
ReplyDeleteLarge funds such as Pimco do not play the distressed game - or at least not openly.