Surveillance: Bank Capital with PIMCO CEO
Bloomberg Surveillance
00:00
The Challenges of Asset Management
PIMCO's AUM is steady. Steady with some volatility along the way but it's basically unchanged in the last decade. The real scene of asset manager is to try to be bigger for the sake of being bigger because of economy of scale. We're here to perform with the money we've been entrusted and if we do a good job, we'll be fine. There have been a couple of difficulties which I want to talk about one specific name which is Columbia Property Trust.
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