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UCLA Anderson Hosts an Exclusive Conversation with Alumni Bill Gross and Larry Fink

Friday, November 18, 2011 8:48 PM

In a rare summit that brings together two of the world's most influential money managers, PIMCO co-chief executive officer and chief information officer Bill Gross and Larry Fink, chairman and chief executive of BlackRock Inc., met at the Beverly Hilton Hotel in Beverly Hills, CA, on Thursday, Nov. 17, 2011, and provided their candid take on the U.S. economy, the European financial crisis, Occupy Wall Street and thoughts on investing strategy. This is only the second time that the two UCLA Anderson School of Management alumni, who graduated five years apart, have met to share their perspectives on global economic and financial issues.

UCLA Anderson, in partnership with Bloomberg Television, hosted this exclusive event, an hour-long discussion moderated by Bloomberg anchor, Erik Schatzker, followed by a question and answer session with the attending audience. The program will be aired globally on Bloomberg Television, Bloomberg.com and the Bloomberg TV+ app for iPad on Monday, Nov. 21, 2011, at various times. Video highlights of the event are available on UCLA Anderson's event page at http://www.anderson.ucla.edu/x38804.xml.

"What a fitting way to celebrate UCLA Anderson's 75th anniversary, with an incisive conversation between two extraordinary alumni who collectively manage $4.7 trillion in assets," says Judy Olian, dean of UCLA Anderson School of Management. "Their uniquely informed insights on global market conditions and risks couldn't be more timely, given the current volatility of key economies, the debt crisis, and prospects for emerging markets around the world."

Bill Gross, who runs the world's biggest bond mutual fund at Pacific Investment Management Co. (PIMCO), has frequently discussed today's "new normal" – described as an era of slowing economic growth in developed markets, higher unemployment and a rise in emerging markets. Larry Fink, who co-founded BlackRock in 1988 and has built the company through acquisitions, recently told Bloomberg that clients are "confused" and fleeing risky assets due to government policies. Under Fink, BlackRock advised the Federal Reserve during the aftermath of the 2008 financial crisis and more recently has advised the governments of Greece and Ireland on how to navigate the sovereign debt crisis in Europe.

Larry Fink has been named one of the "World's Best CEOs" by Barron's each year since 2005, and distinguished as one of the most respected people in finance by the Financial Times, Forbes and Smart Money.


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