Pimco Turns to Man Group's Manny Roman as New CEO

The transcript discusses PIMCO's challenges in a difficult market environment, highlighting leadership changes and the shift towards hedge fund strategies. It explores the differences between relative and absolute return strategies, emphasizing PIMCO's focus on relative returns. The discussion also touches on the future of investment perspectives, the rise of index funds, and the impact of management fees on active managers.

What significant shift has PIMCO made in response to market challenges?

How does the speaker describe the current market environment for active managers?

In what way does the speaker suggest that PIMCO is different from other active managers?

What does the speaker imply about the future of investment perspectives?

What are the two main factors affecting the performance of active managers according to the text?