Monday, August 16, 2010

How is Pimco going to help with some of the mortgage CDOs?

Heard they are looking into it, but I didn't get much detail.How is Pimco going to help with some of the mortgage CDOs?
PIMCO's rating can be attributed to the depth and experience of its structured finance portfolio managers, their strong internal control environment, and their commitment to consistent and ongoing asset surveillance and CDO administration, particularly in addressing the specialized monitoring requirements of ABS derivatives. Further, PIMCO's allocation of additional resources to their CDO platform, specifically the hiring of additional staff in their client servicing area, highlights PIMCO's attention to building their CDO business.

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