Dan Ivascyn: Conviction Needs Capital

Dan Ivascyn, Group Chief Investment Officer at PIMCO, joined Morgan Stanley’s Co-President Dan Simkowitz for a deep dive on his experiences during the global financial crisis. He shared how an early underweight on mortgage-backed securities was the right call at the wrong time, and how he ultimately benefited from taking on risk as markets recovered.The preceding content was informational only and is not an offer nor a solicitation to purchase or sell any security, commodity, instrument, or fund or to participate in any investment or trading strategy. The appropriateness of a particular investment or strategy will depend on an investor’s individual circumstances and objectives. Morgan Stanley does not render advice on legal or tax and tax accounting matters to clients. Clients should always consult their own legal or tax advisor for information concerning their individual situation.Opinions expressed by third parties are solely their own. All opinions are subject to change without notice.©2026 Morgan Stanley, all rights reserved.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.