Pacific Investment Management Co.
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North Carolina Supplemental calls on Prudential to replace PIMCO
trueNorth Carolina Supplemental Retirement Plans, Raleigh, hired Prudential Investment Management to replace PIMCO as investment a manager for the North Carolina Fixed Income Fund.
PIMCO paid Gross $290 million bonus in 2013 after trailing peers
truePacific Investment Management Co. paid former Chief Investment Officer William H. Gross a bonus of about $290 million in 2013, a year in which his Total Return Fund trailed a majority of its peers, showed documents provided to Bloomberg by someone with knowledge of PIMCO's bonus policies.
Sarasota Police Officers drops PIMCO core bond fund
trueSarasota (Fla.) Police Officers' Pension Fund terminated Pacific Investment Management Co. from its $20 million active domestic core fixed-income portfolio.
San Francisco City & County Employees terminates PIMCO from DC plan
trueSan Francisco City & County Employees' Retirement System on Wednesday ratified the termination of the PIMCO Total Return Fund from its $2.67 billion deferred compensation plan.
Adams County Retirement Plan drops PIMCO, T. Rowe strategies
trueAdams County Retirement Plan, Brighton, Colo., terminated PIMCO’s Unconstrained Bond Fund.
Janus attracts more than $1 billion in two funds in October
trueJanus Capital Group saw more than $1 billion of estimated net deposits into two bond mutual funds in October after hiring star manager William H. Gross.
Allianz reports €49.2 billion in PIMCO outflows in third quarter
trueClients withdrew about €30 billion ($37.3 billion) of assets from PIMCO funds in the days following Chief Investment Officer William H. Gross' departure on Sept. 26, said Dieter Wemmer, chief financial officer at parent company Allianz.
Morningstar: PIMCO outflows totaled $48.3 billion in October
trueFour PIMCO mutual funds that were managed by star bond manager William H. Gross saw large withdrawals in October, causing record outflows of $48.3 billion at Mr. Gross' former firm, data from Morningstar show.
El Paso County drops PIMCO for unconstrained bonds, alters asset targets
trueEl Paso County Retirement Plan, Colorado Springs, Colo., terminated PIMCO’s Unconstrained Bond Fund because of the departure of William H. Gross, the firm’s co-founder and chief investment officer.
PIMCO reports record $27.5 billion outflows from Total Return in October
trueThe PIMCO Total Return Fund saw an estimated $27.5 billion in outflows in the month of October, the worst redemptions ever in a given month, and a clear indicator that the departure of its portfolio manager and PIMCO co-founder William H. Gross led to significant assets leaving the firm.
Granite Services International adds BlackRock option to replace PIMCO Total Return
trueGranite Services International Inc. is adding the BlackRock Core Bond Fund as an investment option in its 401(k) plan.
Parsons Corp. picks Dodge & Cox to replace PIMCO fund in 401(k) plan
trueParsons Corp. is adding the Dodge & Cox Income Fund to the investment lineup of its 401(k) plan.
PIMCO brings back portfolio manager in new CIO role
trueMarc Seidner is rejoining PIMCO 10 months after he left in a new role as chief investment officer for non-traditional strategies.
Vermont launches invitation-only search for U.S. large-cap manager
trueVermont Pension Investment Committee, Montpelier, will conduct an invitation-only search for a domestic large-cap equity manager to run about $117 million.
Orange County Employees commits $60 million, puts PIMCO on watch
trueOrange County Employees Retirement System’s investment committee committed up to $60 million in the OCP Asia’s Orchard Landmark direct lending fund.