In the Margins

What does new PIMCO CEO really think of mutual funds?

July 27, 2016

By Bloomberg

Manny Roman believes a lot of mutual funds stink, saying this during a recent TED Talk in London: “When you look at the mutual fund industry, when you look at the way they manage your 401(k), it’s a really, really sad story.” His words didn't discourage PIMCO CIO Dan Ivascyn, however, who picked Roman after a nearly year-long search for a new CEO. “The industry is going through a tremendous period of change,” Ivascyn said. “And then PIMCO, of course, has gone through a tremendous period of change.” Read the original story from Bloomberg

 

 

Most Read

Top of the Agenda - Compensation
IDC: Directors see modest pay increase in 2021

Independent mutual fund director compensation levels increased in 2021, though the year-on-year change was significantly lower than in 2020, according to new data obtained by Fund Board ...