Feb 12, 2008

Pimco bullish on bank debt

The fact that the banking sector has attracted fresh capital in the last couple of months is huge. We've been playing defense for the better part of two years, and the question we've been asking ourselves is when to go on offense. In the banking sector, we've started to do that.

~ Mark Kiesel, Executive vice president, Pimco, "Pimco Shows Alwaleed Isn't Only One in Love With Citi," Bloomberg, February 13, 2008

No comments: