Pacific Investment Management Co.
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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.
Gross takes helm of PIMCO Unconstrained Bond Fund
trueWilliam H. Gross has taken over management of the PIMCO Unconstrained Bond Fund, according to a filing with the Securities and Exchange Commission.
San Joaquin County Employees picks PIMCO for risk parity
trueSan Joaquin County Employees' Retirement Association hired Pacific Investment Management Co. to run about $92 million in risk parity in its All Asset All Authority strategy.
PIMCO loses $39 billion to investor withdrawals in Q3
truePacific Investment Management Co. had $39 billion in net redemptions during the third quarter as investors fled bonds in anticipation of rising interest rates.
PIMCO loses world's largest fund title to Vanguard index tracker
trueBill Gross no longer runs the world's largest mutual fund.
DC West conference attendees hear of politics, simplicity
truePolitics and public policy permeated P&I's West Coast Defined Contribution Conference.
PIMCO recruits Kashkari replacement from Schroders
trueVirginie Maisonneuve will join Pacific Investment Management Co. in January as managing director and global head of equities portfolio management.
Watch for the signals on policy direction out of Washington
trueWith the federal government reopened and the debt ceiling extended, it is not surprising markets have experienced a “relief rally” as investors cheer that the unthinkable — a default on U.S. debt — has been averted. Exhausted, if not disillusioned, by this most recent episode of political ...