PIMCO Executive Warns Complex Debt Products Mirror Subprime Risks

Pacific Investment Management Co. president Dan Stracke cautioned that certain structured credit instruments, particularly collateralized fund obligations, carry hidden risks similar to those seen before the 2008 subprime mortgage crisis.

4 Sept, 13:48 — 4 Sept, 13:48

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bloombergHigh1d ago

Pimco’s Stracke Says Some Complicated Debt Echoes Subprime MBS

Some investors aren’t getting paid enough to take the risk they’re shouldering when they buy complicated and increasingly popular products like collateralized fund obligations, according to the president of Pacific Investment Management Co.

By Sharon Klyne

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PIMCO Executive Warns Complex Debt Products Mirror Subprime Risks

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Pimco’s Stracke Says Some Complicated Debt Echoes Subprime MBS

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