Bond Managers: Please Hang Up and Try Your Order Again
In a broken market, hidebound fixed-income investors can benefit from electronic trading, but it might not save them.
Julie Segal
October 15, 2014
A Pacific Investment Management Company LLC (PIMCO) advertisement is displayed on a building in Hong Kong, China, on Wednesday, Nov. 13, 2013. Pacific Investment Management Co.ís Bill Gross raised the percentage of Treasuries and other U.S. government-related debt in his flagship fund in October after the Federal Reserve unexpectedly maintained its bond purchases. Photographer: Brent Lewin/Bloomberg
Brent Lewin/Bloomberg
