Greenspan Helped Pimco Make Billions, Gross Says
Alan Greenspan, the former Federal Reserve chairman, has helped Pacific Investment Management Co. make “billions of dollars” in his role as a consultant, said Bill Gross, the bond manager’s co-chief investment officer.During a 30-minute discussion on banks several months before the global credit crisis, Greenspan’s “brilliance in terms of forecasting the potential for exactly what happened was a big money saver for us,” Gross, who runs the world’s largest bond fund, said yesterday at a conference organized by the Asia Society in Los Angeles. “He’s made and saved billions of dollars for Pimco already.”
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