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Pimco, Bill Gross and the SEC.....LIP

catch22catch22
edited February 2012 in Fund Discussions
Morning Coffee,

Mr. They Got Other Fish To Fry (me); has a head scratch going with a portion of this write. Regardless of your opinion of Bill Gross, this is an interesting, multi-faceted story regarding Pimco.

A snippet: "More troubling, U.S. regulators are now considering whether PIMCO should be deemed a "systemically important financial institution" - that is, too big to fail, and thus subject to tighter regulatory oversight. The concern: The juggernaut manages so much money for pension funds that it could hammer the economy if it ever went under. The firm has doubled in size to $1.36 trillion in assets since the collapse of Lehman Brothers in 2008."

http://www.reuters.com/assets/print?aid=USTRE8180VX20120209

Regards,
Catch

Comments

  • scott
    edited February 2012
    lol. I'd be surprised it's being considered, given how negative Gross is recently, but it would appear he doesn't want the oversight.

    Interesting comment: "If Mohamed took over, it would be the IMF and a lot of think-tank mentality," says John Brynjolfsson, who was PIMCO's lead expert on commodities and inflation-linked bonds before founding a hedge fund, Armored Wolf, three years ago.
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