Dealers are trying to lure clients into thinking about best execution in terms other than pure price, a portfolio manager at Pimco argued yesterday at a conference in London. Fellow bank panellists had suggested a distinction between best price – which should be the goal of more "vulnerable" clients – and fair execution, which would serve the need of more sophisticated customers.
"I completely disagree with fair price versus best price," said Alex Struc, a portfolio manager at Pimco. "This is a
The week on Risk.net, July 7-13, 2018Receive this by email