Thursday, April 1, 2010

PIMCO Exec Sees Greece Action Ineffective; UK Downgrade

PIMCO sees Europe's action on Greece as ineffective in fixing the country's problems, while Britain's sovereign debt rating could be downgraded within a year, said Scott Mather, head of global portfolio management at Pacific Investment Management Co, during a briefing in Taipei.

I think Mather is correct in his analysis. What I find curious is Mather publicly discussing this view. When you run billions and have more money to place on a daily basis, and the markets are still priced in a way that you can take positions, why would you want to clue other portfolio managers about your views?

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