My favorite bond funds are not known for their king like managers. And I like it that way. One would think that the world renowned Bill Gross (whose compensation reached $200 million in years past) could make things work at PIMCO. But with interest rates so low, it was getting too hard for him to make a difference.
In this interest rate environment, the only way a bond fund manager is going to make a difference is by taking on more risk than his competition. It’s not rocket science. But I have a feeling investors aren’t going to be comfortable with these risks, as I explained here.
Latest posts by E.J. Smith (see all)
- Can Crypto-Currencies Ever be Safe? - August 15, 2018
- Facebook: “A Giant Blood-Engorged Tick Hanging off Your Frontal Lobe” - August 14, 2018
- You Need to Know that Changes are Coming to Your Savings Plan - August 13, 2018