Fund management: Pimco reassesses emerging markets approach

“As emerging markets have matured, it is much more of a credit asset class” Michael Gomez, Pimco

Michael Gomez, co-head of emerging markets at Pimco in California, has run more emerging-market debt than anybody else in history – and that includes his predecessor, Mohamed El-Erian. But Gomez doesn’t have El-Erian’s predilection for making his presence felt: as he approaches the first anniversary of the announcement of El-Erian’s departure to run the Harvard endowment fund, he’s still considered something of an unknown quantity by much of the emerging markets universe.