Pacific Investment Management Co.
Watch breaking news videos and read news updates about Pacific Investment Management Co. on pionline.com
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.
Louisiana Firefighters calls on BlackRock to replace PIMCO
trueLouisiana Firefighters’ Retirement System hired BlackRock to run $146 million in a passive domestic core fixed-income portfolio.
Seattle City Employees places PIMCO on watch
trueSeattle City Employees' Retirement System placed Pacific Investment Management Co. on watch.
Associated British Foods DC plan drops PIMCO multiasset fund for Invesco Perpetual
truessociated British Foods DC Pension Scheme, London, is adding Invesco Perpetual’s Global Targeted Returns Fund to the lineup of its defined contribution plan. The Invesco fund will replace the PIMCO Global Multi-Asset Fund, which is being removed this month.
Gross' Janus fund attracts estimated $769 million in November
trueWilliam H. Gross' main bond fund at Janus Capital Group received an estimated $769 million in new money last month, bringing assets above $1 billion.
Mendocino County monitoring PIMCO investment, lowers assumed rate of return
trueMendocino County Employees’ Retirement Association, Ukiah, Calif., is monitoring its roughly $60 million investment in the PIMCO Total Return Fund for the next six months because of personnel changes over the past year at the money manager, said interim administrator Jim Andersen.
AutoNation adds 3 investment options, target-date funds
trueAutoNation Inc., Fort Lauderdale, Fla., is adding three investment options and a new target-date fund lineup, and removing four investment options and its company stock fund in its 401(k) plan following a review by the company’s benefits committee.
Yuma Regional Medical Center signs Dodge & Cox to fill PIMCO slot
trueYuma Regional Medical Center is adding the Dodge & Cox Income Fund as an investment option in its 401(k) plan.
Imperial County in invitation-only search for new bond manager
trueImperial County Employees' Retirement System is conducting an invitation-only search for a domestic fixed-income manager to run $84 million.
BMO Harris 401(k) goes with MetWest, drops PIMCO
trueBMO Harris Bank is adding the MetWest Total Return Fund to its 401(k) plan.
Analysts say PIMCO could survive a further $350 billion asset drain
truePIMCO could withstand an asset drain of up to $350 billion in the next two to three years — about 10% to 15% of its total assets — before its portfolio management operations could be affected, analysts say.
BlackRock, TCW, others gaining from PIMCO turmoil
trueBlackRock, TCW, Vanguard, Baird Advisors and DoubleLine saw the largest inflows to their bond mutual funds in October, following William H. Gross' departure from PIMCO on Sept. 26, Morningstar Inc. reported.