Pimco’s Hodge Says There’s Still an ‘Opportunity’ for Greek PactStefanie Batcho-Lino and Ari Altstedter
Greece is relatively small part of EU, has small market impacts “and we’ve seen that,” Pacific Investment Management Co. CEO Douglas Hodge says at Toronto Global Forum.
- “The markets have accomodated this”
- NOTE: Pimco parent Allianz owns second-most amount of Greek sovereign debt, behind ECB
- “Not clear to me that unmanaged is less risky,” he says of
passively managed investments, index funds
- Market volatility is higher following change of bank roles
- “Arrows are pointing up” at Pimco despite challenging yr
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