Business & Finance
Pimco’s Stracke Says Some Complicated Debt Echoes Subprime MBS
Key Points
Some investors aren’t getting paid enough to take the risk they’re shouldering when they buy complicated and increasingly popular products like collateralized fund obligations, according to the president of Pacific Investment Management Co.
Some investors aren’t getting paid enough to take the risk they’re shouldering when they buy complicated and increasingly popular products like collateralized fund obligations, according to the president of Pacific Investment Management Co.