Pimco’s Daniel Ivascyn closes in on his next big trade
After making a killing by scooping up speculative mortgage debt on the cheap in the wake of the financial crisis, Ivascyn expects the next big opportunity to come in corporate debt.
Daniel Ivascyn rode one big trade all the way to the top of the bond market universe: speculative mortgage debt that he scooped up on the cheap in the wake of the great financial crisis. It made a fortune and, in turn, made everyone forget about the messy departure of his predecessor atop Pacific In
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