Oct. 4, 2013
/PRNewswire/ -- The world's largest bond mutual fund manager and the world's largest asset manager – PIMCO's
, founder and co-chief investment officer, and
, chairman and chief executive of BlackRock Inc. – were reunited for an evening of discussion on national, international and governmental issues at the Beverly Hilton Hotel in
Beverly Hills, CA
Thursday, Oct. 3
, 2013. In addition to sharing their perspectives on global economic and financial markets, the two UCLA Anderson School of Management alumni focused their conversation on an emerging concern: a new workforce that may be ill prepared to respond to the needs of advancing technology and the demands of future economies.
The exclusive hour-long event, sponsored by UCLA Anderson, was moderated by CNBC's
and streamed online by the network on
, 2013. Video highlights of the event are available on UCLA Anderson's event page at:
The conversation covered a wide range of topics, including the pair's bullish enthusiasm for investment in
and the nation's education crisis. Fink discussed the "death of long-termism," a phenomena that sees corporate CEOs focused predominantly on short-term gains rather than long-term growth. Gross concurred, also commenting on the impact of low interest rates.
"We live in a world with artificially depressed interest rates that lead to artificially depressed returns [on investment]," Gross said.