Rieder: BlackRock lets European credit traders run equity positions when spreads tighten
Rick Rieder · Rick Rieder – BlackRock (Manager Meetings, EP.08) · Aug 26, 2021 · at 27:00
Rick Rieder, BlackRock's CIO of Global Fixed Income, describes portfolio manager flexibility and mandate boundaries within his investment team.
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“If we have somebody in Europe that's trading credit, I'll let them run a piece of equity in their position because there are times where like credit spreads are too tight. And I don't want them to be sitting there doing nothing.”
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