Near Impossible To Manage A Currency: Masha Gordon
  • Elizabeth George
  • Oct 10 2013

October 10: Masha Gordon, EM Equity Portfolio Manager at PIMCO, says the only way to manage foreign exchange is to deploy massive reserves and this is not a credible method. The only real fix for the currency is fixing the CAD and fiscal issues, she adds. She likes RBI's NRI fund-raising moves and stresses the importance for predictability and transparency of policy.