Tuesday, September 30, 2014

Pimco Executives Hit the Phones

The Wall Street Journal says that executives at Pimco are hitting the phones trying to staunch the outflow of more than $10 billion from the Total Return fund. The CEO is even talking to brokers himself!

Maybe this is the kind of "all hands on deck" connect with the customers tactic that wasn't implemented when more than $65 billion left the fund before.  Perhaps this is why BG got very upset with the marketing executive and the CEO himself?

Seems like a reasonable hypothesis, doesn't it?

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