Pimco: World Power in the Bond Market | Made in Germany
- 13 years ago
Andrew Bosomworth can move markets. He heads the German headquarters of Pimco in Munich. Pimco is an international investment company, managing assets worth 1.3 billion dollars.Bosomworth's business is buying bonds and reselling them, betting on future exchange rates. His goal is the ideal of maximizing profit while maintaining security. But what makes Pimco's clients happy can cause a lot of grief for others, for example when betting on falling bond prices actually drives rates down.