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Are you arguing that investors will sidestep Bill and invest directly in the bonds? If that was the case, I don't know how PIMCO manages trillions. The realit
by stocktech 11y ago
Are you arguing that investors will sidestep Bill and invest directly in the bonds? If that was the case, I don't know how PIMCO manages trillions.
The reality is that he wants to attract investors to his fund. Obviously, accounting doesn't include that in his returns.
- mathattack 11y agoIt's both. He wants people to invest in Janus, and he wants other large money managers to copy his idea with a slight lag. (Drive up the price of his positions after he's in, and leave slightly after he gets out)