- ORIGINAL NEWS
Pimco’s Sonali Pier lets her ‘cautious contrarianism’ speak for itself: The bets she’s making now
- SUMMARY
Sonali Pier, a portfolio manager at Pimco, is an example of success in the male-dominated financial world.
Despite being a woman of color and starting in a field with few women, she has risen through the ranks.
Mentors and her supportive husband have played a significant role in her journey.
Her father’s encouragement and the culture shift towards inclusivity have also contributed to her success.
Currently, Pier manages the Pimco Diversified Income Fund, which invests globally and performs well.
She credits her team’s broad research, cautious approach, and ability to find opportunities in both developed and emerging markets for its success.
Pier advises women to pursue careers in finance and emphasizes the importance of hard work.
She believes that performance is key in breaking down gender barriers in the industry.
- NEWS SENTIMENT CHECK
- Overall sentiment:
positive
Positive
“Pier’s work has not gone unnoticed. Morningstar crowned her the winner of the 2021 U.S. Morningstar Award for Investing Excellence in the Rising Talent category.”
“The fund has a 30-day SEC yield of 5.91%, as of Jan. 31.”
“While the fund has a benchmark, the Bloomberg Global Credit Hedged USD Index, it is “benchmark aware” and doesn’t “hug it,” Pier said.”
Negative
“The fund has more international holdings and a more credit-risk-heavy profile than its peers, which has sometimes “knocked the portfolio off course,” like it did in 2022 during the Russia-Ukraine conflict, Mulach said.”