Where Public Policy Meets Markets

Pimco’s Libby Cantrill assesses events in Washington.  

How do public policy issues affect investors? How much has the Trump presidency changed the usual calculus via tax cuts, tariffs, trade wars and nuclear negotiations?

That is the challenge facing this week's guest on Masters in Business, Libby Cantrill, head of public policy at Pacific Investment Management Co.

As a member of the firm’s Americas portfolio committee, her responsibility is to review the bigger macro issues coming out of Washington that she believes could affect corporate profits and the economy. When she finds a new policy that potentially could have an impact on the firm’s holdings, she advises the investment committee on how and when the policy could manifest itself. 

In addition to coordinating the firm’s response to policy issues and analyzing political events for the firm’s investment committee, she is a founding member of Pimco Parents, an initiative focused on supporting parents and families, and Pimco Women, whose mission is to attract, retain and develop women. Cantrill explains why the underlying problem of gender-based pay inequality traces to promotion and retention. Her observation is that employers that fix promotion and retention issues will naturally resolve gender-based pay inequality issues.

Her favorite books are cited here; our conversation transcript is published here .

You can stream/download the full conversation, including the podcast extras on iTunesBloombergOvercast and Stitcher. Our earlier podcasts can all be found on iTunesStitcherOvercast and Bloomberg.

Next week, we speak with Cal Turner Jr., former chief executive officer of Dollar General, and author of the new book, "My Father’s Business: The Small-Town Values That Built Dollar General into a Billion-Dollar Company."

This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.

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    Barry Ritholtz at

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