$$$ PIMCO launches hedge fund-like “go anywhere” bond fund (WSJ)
$$$ Nouriel Roubini: “We are entering a recession based on my numbers.” (Bloomberg TV)
$$$ David Tepper’s offices were reportedly closed this week due to a loss of electricity. (Opalesque)
$$$ Darren Rovell Gives the World an Insight Into His Hiring Process (Daily Intel)
$$$ Boehner asks Obama to reschedule jobs address to Congress to Sept. 8, cites tight schedule (WaPo)
$$$ Buffett Investment Could Erode Confidence In Wall Street (Dealbook)
Funny, that's what the Treasury dept said about his knowledge of TARP when they hired him…..
Pimco Off to Slow Start in Equities http://online.wsj.com/article/SB10001424053111903...
""When we hired Neel, he didn't know the first thing about being an equity manager," Mr. El-Erian said. "But we wanted a best athlete to build this at Pimco.…We knew that there's huge opportunity there."
I think El-Erian knows they didn't hire Neel to run stocks.
Does any one know if Mark Kiesel has any experience running a similar strategy?
WTF Kornferry, not even a call??