Pacific Investment Management Co.
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Ford dropping PIMCO Total Return Fund from 401(k) plan
trueFord Motor Co. will drop the PIMCO Total Return Fund as an option in its $12.8 billion U.S. 401(k) plan on Nov. 14.
Russell replaces PIMCO with Scout on 2 bond funds
trueRussell Investments has moved at least $2 billion that was managed by PIMCO in its multimanager strategies and funds, terminating the firm and replacing it with Scout Investments, filings and company statements show.
Fort Lauderdale Police & Fire axes PIMCO
trueFort Lauderdale (Fla.) Police & Fire Retirement System terminated Pacific Investment Management Co. from a $37 million portfolio, said Frederick H. Nesbitt, director of public information.
Laredo Firefighters replaces PIMCO with J.P. Morgan
trueLaredo (Texas) Firefighters’ Retirement System hired J.P. Morgan Asset Management to run about $12 million in core-plus fixed income, said Jaime Jasso, pension administrator.
2 Pensacola pension funds dump PIMCO
trueTwo Pensacola, Fla., pension funds have terminated Pacific Investment Management Co. mutual funds as a result of organizational changes at the firm, said Cheryl Jackson, payroll and pension manager for the plans.
PIMCO promotes manager to lead Asia strategies
trueLuke Spajic was named by Pacific Investment Management Co. to run its portfolio management effort in Asia.
San Francisco Deferred Comp approves replacing PIMCO with Baird
trueSan Francisco Deferred Compensation Plan approved replacing the PIMCO Total Return Fund in light of the resignation of manager William H. Gross.
Alabama 529 plan drops PIMCO Total Return
trueAlabama State Treasury dropped the PIMCO Total Return Fund as an investment option in the $1.23 billion CollegeCounts 529 plan, Montgomery.
Arkansas Teachers terminates $475 million PIMCO portfolio
trueArkansas Teacher Retirement System, Little Rock, terminated Pacific Investment Management Co., which managed about $475 million in its Total Return strategy for the pension fund, said George Hopkins, executive director.
PIMCO upheaval opens doors for real assets firms
trueYears of low bond yields got real asset managers talking to asset owners looking for an alternative income source, but William H. Gross' departure from Pacific Management Investment Co. LLC has supercharged the conversations.
Risk of star dependence
trueThe departure of William H. Gross from Pacific Investment Management Co. LLC leaves money management companies and institutional fiduciary clients alike wondering whether they should encourage the star system or a team approach to managing money.
Janus asset drain expected to end
trueJanus Capital Group's hiring of bond guru William H. Gross is expected to bring the Denver firm its first overall net inflows in 4½ years and boost its $177.7 billion in assets under management by up to 25% over the next several years, analysts say.
Some put PIMCO on watch or fire it; others stay on board
trueThe departure of William H. Gross from Pacific Investment Management Co. might end up cutting deeper into his personal reputation than into the $1.87 trillion in assets under management at the firm he was synonymous with for 40 years.
The Gross effect
trueMany asset owner clients of Pacific Investment Management Co. cited their long-term relationship with the firm — ties that go beyond co-founder and Chief Investment Officer William H. Gross — as a reason for not terminating the firm after Mr. Gross' unexpected move last month to Janus Capital ...
California's 529 plan drops PIMCO Total Return Fund
trueScholarShare, California's 529 college savings plan, on Friday terminated PIMCO's Total Return Fund.