Pacific Investment Management Co.
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PIMCO emerging markets co-head nominated for Treasury post
trueRamin Toloui was nominated by President Barack Obama on Thursdayto serve as the Treasury Department's deputy undersecretary for international finance, according to a White House statement.
SIFMA study responds to stability oversight council
trueAs the U.S. Financial Stability Oversight Council and the Financial Stability Board in Basel consider ways to monitor risk among large money managers, the industry is trying to fill in some of the information gaps.
Mercer drops PIMCO, Western Asset as managers of bond fund
trueMercer replaced Pacific Investment Management Co. and Western Asset Management Co. as subadvisers on a bond fund.
Orange County Employees to vote on putting 2nd PIMCO fund on watch
trueOrange County Employees Retirement System's investment committee is expected to decide Wednesday whether to place Pacific Investment Management Co.'s Total Return strategy on watch.
PIMCO dropped as subadviser of MBS fund in favor of TCW Group
truePIMCO lost a subadvisory relationship as manager of a $1.3 billion mortgage-backed securities fund after the sponsor, Columbia Management, opted to replace the firm with TCW Group.
Morningstar lowers PIMCO stewardship rating, eyes further analysis on fund ratings
trueA ratings downgrade for some of PIMCO's mutual funds could come within several weeks after Morningstar Inc. Tuesday downgraded the money management firm's overall stewardship rating to C from B and changed to neutral from positive one of five overall indicators analysts use to rank mutual funds.
Drama, poor performance haunt PIMCO
trueIn less than two months, PIMCO has experienced a dramatic fall from grace that removed the firm from the recommended list of some investment consultants and put it on the watchlist of some asset owners.
PIMCO adds portfolio manager
trueHarley S. Bassman was hired as an executive vice president and portfolio manager at Pacific Investment Management Co., confirmed company spokesman Mark Porterfield in an e-mailed response to questions.
PIMCO Japan names new president
trueShinichi Yamamoto will become the new president of PIMCO's Japan unit.
Fresno County Employees picks IFM Investors for infrastructure
trueFresno County (Calif.) Employees’ Retirement Association hired infrastructure manager IFM Investors to run between $120 million and $140 million, confirmed Phillip Kapler, retirement administrator.
GMO hires former PIMCO managing director as new head of fixed income
trueMarc Seidner was named head of fixed income at Grantham, Mayo, Van Otterloo & Co.
El-Erian's exit yet another blow to PIMCO
trueThe unexpected announcement that PIMCO CEO and Co-Chief Investment Officer Mohamed El-Erian was resigning adds new problems for a firm already under stress.
PIMCO names 4 more deputy CIOs, announces 2 departures
truePIMCO announced Wednesday the appointment of four new deputy chief investment officers, raising to six the number of new deputy CIOs named since the resignation of Mohamed El-Erian, CEO and co-CIO, on Jan. 21.
Attention defined contribution participants: Beware of being the patsy!
trueIt's a truism that poker — and financial markets — can be unkind to those unaware of the caliber of their opponents. Some sponsors of defined contribution plans, however, may be forgetting this in their otherwise admirable quest to lower costs with indexed investments.
El-Erian resigns from PIMCO
trueMohamed El-Erian resigned Tuesday as CEO and co-chief investment officer of Pacific Investment Management Co.