Pimco chief executive Emmanuel Roman has made clear the firm’s ill-starred attempt to break into equities investing is unlikely to be repeated, in conversation with Goldman Sachs’ incoming CEO David Solomon.
In an interview for Goldman’s regular media series, GS Talks, the French-born CEO told Solomon that fixed income is where Pimco’s strengths lie, and drew a comparison with asset management rivals like BlackRock and Wellington, which are “trying to do many different things”.
