California-based Pimco, the world’s largest investor in fixed income, is almost certainly the most outspoken. And following Allianz’s acquisition in May 2000 of a 70% stake in the company, Pimco is now bringing its considerable influence to bear on both sides of the pond. So what future does it envisage for the high-yield market in both Europe and the US?
“There has to be the possibility that high yield could disappear as an asset class and that high-yield assets could be rolled into general
The week on Risk.net, July 7-13, 2018Receive this by email