Pacific Investment Management Co.
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Orange County Employees to redeem 5 strategies
trueOrange County Employees Retirement System, Santa Ana, Calif., is winding down its remaining positions with five managers.
Austin Firefighters corrals Loomis Sayles for core-plus fixed income
trueAustin (Texas) Firefighters' Relief & Retirement Fund hired Loomis Sayles to manage $40 million in active core-plus fixed income.
Litigation heavy on minds of defined contribution execs
trueDefined contribution plan executives are as concerned about litigation as they are about failing to meet their participants' retirement goals, investment consultants revealed in a survey by Pacific Investment Management Co. LLC, Newport Beach, Calif.
Ohio deferred compensation plan drops PIMCO for TCW Group
trueOhio Public Employees Deferred Compensation Program is adding the Ohio DC Intermediate Bond fund, managed by TCW Group, to its investment options lineup.
Principal hires PIMCO exec to run new ETF business
truePaul Kim was hired as managing director and head of exchange-traded fund strategy at Principal Global Investors.
Pensacola funds go with Garcia Hamilton to replace PIMCO
trueTwo Pensacola, Fla., pension funds hired Garcia Hamilton & Associates to run active domestic fixed-income portfolios.
Denver City & County 457 plan replaces PIMCO fund with MetWest option
trueDenver City & County Deferred Compensation Plan added the Metropolitan West Total Return Fund to the lineup of its 457(b) plan, a letter to plan participants shows.
Marvin Windows and Doors retools DC plan lineup
trueMarvin Windows and Doors Inc. is adding eight investment options to its profit sharing and 401(k) plan.
Money managers face tougher rules on too-big-to-fail firms
trueThe world's largest money managers are in line for tougher rules as global regulators push ahead with plans to identify too-big-to-fail firms in the face of opposition from the industry.
PIMCO Total Return withdrawals slow to $8.6 billion in February
trueRedemptions from Pacific Investment Management Co.'s largest mutual fund slowed to the lowest since William H. Gross left the firm, as performance rebounded.
Orange County Employees taps Dodge & Cox to take on portion of PIMCO assets
trueOrange County Employees Retirement System hired Dodge & Cox to manage about $200 million in active core fixed income, pending legal due diligence and successful contract negotiations.
Allianz reports 144.8 billion euros in net outflows at PIMCO in fourth quarter
trueAssets under management at Allianz's money management arm decreased 3.8% to €1.8 trillion ($2 trillion) in the quarter ended Dec. 31, but were up 1.8% for the year, despite continued outflows following former PIMCO Chief Investment Officer William H. Gross' September departure.
Kentucky Retirement Systems drops PIMCO and Pyramis, adds transition manager
trueKentucky Retirement Systems hired State Street Global Markets as a transition manager, and terminated PIMCO and Pyramis Global Advisors because of personnel changes at the money managers.
PIMCO chief economist to leave 9 months after rejoining firm
truePaul McCulley is leaving PIMCO as chief economist in another key staff change, nine months after he joined at the urging of former Chief Investment Officer William H. Gross, the money manager said Friday in a statement.
Coca-Cola taps Loomis Sayles to replace PIMCO on 401(k) plan option
trueThe Coca-Cola Co., Atlanta, hired Loomis Sayles to replace Pacific Investment Management Co. as the investment manager for the U.S. core-plus active fixed-income option in The Coca-Cola Co. 401(k) Plan, said to a company notice to participants obtained by Pensions & Investments.