Pacific Investment Management Co.
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Real estate investors ramping up risk, moving from commingled funds
trueReal estate investors are investing in riskier properties while accepting lower returns and longer periods of illiquidity or lockup periods, said speakers Wednesday at IMN's 12th Annual Winter Forum on Real Estate Opportunity & Private Fund Investing Conference in Laguna Beach, Calif.
Aurora General Employees moves PIMCO to watch status
trueAurora (Colo.) General Employees' Retirement Plan put PIMCO on watch because of the departure of William H. Gross, PIMCO's co-founder and chief investment officer.
Chicago Firemen's pension fund places PIMCO on watch
trueChicago Firemen's Annuity & Benefit Fund put PIMCO on watch because of organizational changes at the money manager.
Gross says PIMCO fired him, turned down offer for reduced role
trueWilliam H. Gross said he was fired from Pacific Investment Management Co., the first time he has publicly stated he was dismissed from the firm he co-founded in 1971.
New York City Retirement Systems terminate $4.9 billion of PIMCO assets
trueNew York City Retirement Systems terminated two PIMCO bond strategies totaling $4.9 billion due to “concerns over recent organizational changes,” said Eric Sumberg, a spokesman for New York City Comptroller Scott Stringer, fiduciary for the five public pension funds that make up the $158.7 billion ...
PIMCO clients pulled $150 billion in 2014 amid executive shakeup
trueInvestors pulled $150.2 billion from PIMCO's U.S. mutual funds in 2014, a year during which the firm lost both of its co-chief investment officers, William H. Gross and Mohamed El-Erian.
Pinellas Park General Employees drops PIMCO
truePinellas Park (Fla.) General Employees' Pension Fund terminated Pacific Investment Management Co. from an $11 million portfolio.
PIMCO portfolio manager dismissed over improper trading
trueRahul Seksaria, a PIMCO portfolio manager running inflation-protection strategies, was dismissed after CME Group fined him for improper trades.
Douglas County pension fund goes with Delaware Investments to replace PIMCO
trueDouglas County Employees' Retirement Plan hired Delaware Investments to run a $15 million active domestic fixed-income portfolio.
PennPSERS goes with PIMCO commodities fund
truePennsylvania Public School Employees' Retirement System invested $200 million in the PIMCO Commodity Alpha Fund.
GoDaddy.com adds Dodge & Cox to replace PIMCO fund
trueGoDaddy.com LLC is adding the Dodge & Cox Income Fund as an investment option in its 401(k) plan.
Sonoma County conducting invitation-only search to replace PIMCO
trueSonoma County Employees’ Retirement Association, Santa Rosa, Calif., is conducting an invitation-only search for an unconstrained fixed-income manager to run $65 million, said Steven Marsh, investment analyst.
District of Columbia Retirement Board terminates PIMCO
trueDistrict of Columbia Retirement Board, Washington, terminated Pacific Investment Management Co. from an active domestic core-plus fixed-income portfolio at a board meeting Thursday.
Imperial County Employees picks MacKay Shields as PIMCO replacement
trueImperial County Employees’ Retirement System hired MacKay Shields to run an $84 million active domestic core-plus fixed-income portfolio.
Broomfield, Colo., puts PIMCO Total Return Fund on watch for 2 DC plans
trueBroomfield, Colo., put PIMCO's Total Return Fund on watch for its two 401(a) money purchase plans.