According to BusinessWeek Neel Kashkari is no stranger to tough jobs. Three years ago the then-35-year-old Treasury Dept. staffer was appointed to oversee the Troubled Asset Relief Program, the government’s $700 billion bailout of Wall Street. For the former Goldman banker, that meant spending 18-hour days dissecting financial statements, holding marathon conference calls with executives, corporate attorneys, and central bankers, and being subjected to televised dressings-down by lawmakers on Capitol Hill. Although People magazine named Kashkari one of its sexiest men alive in 2008, Washington took its toll: After leaving his Treasury post in 2009, burned out and 20 pounds heavier, he holed up in a cabin in Northern California for several months to “detox,” he says.
Now, Kashkari is up for another daunting task. Last month the Newport Beach (Calif.)-based asset management company Pimco, which Kashkari joined two years ago, named him to run its fledgling equities division. The assignment comes as investors are growing disenchanted with money managers who pick stocks, withdrawing a net $351 billion from U.S. equity mutual funds since the end of 2007, including $66 billion so far this year….
Learn more at http://www.businessweek.com/magazine/neel-kashkaris-next-tough-job-pimcos-stockpicker-10202011.html
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