Still, Wilson is confident that Pimco’s funds under management in Australia will continue to grow.
“As a community ages, the demand is for security and recurring income,” he says. “The demand for fixed income has to go up.”
25/05/2012
john wilson, Peter Dorrian, asset management, Sherman & Sterling, Morgan Stanley, US, fund management, fixed income, allianz, Pacific Investment Management Co., california, Duke University, bonds;, Melbourne University, BT, Oppenheimer Capital
Investments
The institutions managing long-term savings might not be built to respond at the speed the world now moves. The gap between knowing and acting – which, ultimately, is where all risk lives – is one they can’t afford to keep open.
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