The CEO of a $1.5 trillion fund giant wants to set the record straight

Screenshot via YouTube LOS ANGELES- Manny Romanis spreading the word:Active management pays off, at least for bonds. Speaking at the Milken Institute Global Conference held at the Beverly Hilton, Roman, the new CEO of $1.5 trillion fund manager PIMCO, made a case for active management in the bond market. Passively managed exchange-traded funds have been hoovering up assets, helped by the promise of low fees, and the underperformance of active equity managers. The combined assets of US ETFs stood...