SAN ANTONIO – He didn't refer to Armageddon but Pimco's Vineer Bhansali still did a good job Tuesday of scaring people about the unknown and unexpected.
Bhansali sells retirement advisors on the notion of hedging against tail-risk events, those rare events that can ravage an investment portfolio – the 2008 financial meltdown, the Japanese tsunami and so on – and which his firm believes will only become more commonplace.
As a managing director and head of quantitative investment portfolios for Pimco, Bhansali brought his message of doom and gloom (and how to better protect investors) to the second day of the 2013 Center for Due Diligence conference here.
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