Can Pimco's New CEO Manny Roman Stem Outflows?

Emmanuel Roman is set to become the CEO of PIMCO, replacing Douglas Hodge during a challenging period marked by asset losses and internal conflicts. Roman's diverse background, including his leadership at Man Group and experience at Goldman Sachs, positions him to guide PIMCO through market changes and explore growth in alternative assets. PIMCO faces pressure to adapt to a shifting financial landscape, with opportunities in hedge funds and acquisitions. The firm must navigate the end of a long era of declining interest rates and find new strategies for success.

What areas does PIMCO need to diversify into according to the discussion?

How have interest rates affected bond prices in the past 40 years according to the text?