FYI: (This is a follow-up article)
It’s not surprising that Pacific Investment Management Co. says that asset managers and their funds should not be designated as systemically important. But what is interesting is Pimco’s reasoning.
In a response to the most recent consultation on ways to designate systemically important fund managers, chief executive Douglas Hodge highlighted his firm’s experience dealing with investors pulling large chunks of cash following the sudden departure of Bill Gross last September
Regards,
Ted
http://blogs.wsj.com/moneybeat/2015/06/15/pimco-to-watchdogs-consider-the-pimco-experience/tab/print/
