127: PIMCO: Insights from the CEO of a $1.8 Trillion Fixed Income Manager
Money Maze Podcast
Money Maze Podcast
4.8 • 216 Ratings
🗓️ 15 February 2024
⏱️ 56 minutes
🧾️ Download transcript
Summary
He explains PIMCO’s mission and reach. He discusses how the world is awash with cash and short-term maturities, creating opportunities with interest rates having adjusted upwards.
He feels there is a tidal wave of liquidity, underpinning an optimistic view of the possible investments which exist; from credit, both public and private, through to emerging market local FX debt.
He explains why alpha is very identifiable and investable and why active beats passive in the fixed income universe. He discusses how AI is transforming data processing in the finance sector.
Finally, he explains why banks are retreating from some quarters of the lending landscape, creating opportunities for PIMCO.
Finally, he reflects on the European dilemma in being able to create meaningful growth, and why all these government debts will have to be paid at some point ahead.
The Money Maze Podcast is kindly sponsored by Schroders, Bremont Watches and IFM Investors.
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DISCLAIMER: PIMCO manages $1.86 trillion in assets, including $1.48 trillion in third-party client assets as of 31 December 2023. Assets include $82.2 billion (as of 30 September 2023) in assets managed by PIMCO Prime Real Estate (formerly Allianz Real Estate), an affiliate and wholly-owned subsidiary of PIMCO and PIMCO Europe GmbH that includes PIMCO Prime Real Estate GmbH, PIMCO Prime Real Estate LLC and their subsidiaries and affiliates. PIMCO Prime Real Estate LLC investment professionals provide investment management and other services as dual personnel through Pacific Investment Management Company LLC. PIMCO Prime Real Estate GmbH operates separately from PIMCO.
Transcript
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| 0:00.0 | I think it's a remarkably clear picture. Active fixed income management beat the benchmark. |
| 0:05.4 | And I find really very little reason to bypass a fixed income. |
| 0:13.1 | Welcome to the MoneyMays podcast. This is your first time joining us. I'm the host, Simon Brewer. |
| 0:19.2 | And in this show, we talk to proven leaders and thinkers |
| 0:22.1 | from the worlds of business, investing and beyond. We tried to distill the thoughts of guests about |
| 0:28.2 | their approach to mastering capital allocation, making better business and investment decisions, |
| 0:33.8 | learning from mistakes and strategies for taking your career to the next level. |
| 0:38.3 | To stay up to date with every episode, please do sign up to our newsletter via |
| 0:42.6 | MoneyMase Podcast.com. |
| 0:44.6 | Episodes are also published on our YouTube channel and we're active on all major social media |
| 0:49.5 | platforms. |
| 0:50.5 | Thank you for listening. |
| 0:52.3 | If you are a European and have spent the majority of your career in the UK, it might seem |
| 0:58.0 | very logical choosing to move to a destination which has 277 sunny days a year, particularly |
| 1:05.1 | as a bleak January envelops us here in London. |
| 1:08.8 | But you may only make that move if you were offered a really significant |
| 1:12.8 | role, such as the opportunity to be the CEO of one of the world's largest fixed income managers, |
| 1:19.2 | the two trillion dollar powerhouse that is PIMCO. So from Newport, California, where it's |
| 1:24.6 | 7.30 in the morning, and I'm told it's raining. Emmanuel Huma, |
| 1:28.9 | good morning, and welcome to the money-meist podcast. Good morning. Nice to see you. |
| 1:33.6 | Well, you've also just told me that this is the first podcast you ever done, so I'm doubly thrilled |
| 1:38.7 | that you're here today. That's right. That's right. I was always hoping I would get |
... |
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