Pacific Investment Management Co.
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Money manager assets increase thanks to rising markets
trueMoney manager assets rose modestly in 2014, due more to market gains than net inflows.
Firms large and small benefit from PIMCO's problems
trueBoth large and small fixed-income managers benefited from the turmoil at PIMCO in 2014 as institutional investors moved assets out of the bond giant and into core-plus strategies run by other firms, Pensions & Investments data and interviews show.
PIMCO's global equity CIO to depart as firm liquidates two equity strategies
trueVirginie Maisonneuve, PIMCO's chief investment officer for global equities, is resigning as the firm closes two equity strategies, the money management firm disclosed in a statement on Thursday.
PIMCO Total Return loses world's largest bond mutual fund title
trueTwo years of client withdrawals at Pacific Investment Management Co.'s flagship have cost it the title of the world's largest bond mutual fund.
Bernanke joins PIMCO for second consulting job in 2 weeks
trueFormer Federal Reserve Chairman Ben S. Bernanke is joining PIMCO as a senior adviser, his second consulting agreement with a top money manager in as many weeks.
San Jose 457 plan replaces PIMCO with Loomis Sayles fund
trueSan Jose, Calif., has added the Loomis Sayles Core Plus Bond Fund to the lineup of its 457 plan, said an announcement on the plan website.
Salt River Materials Group adds 2 bond funds to 401(k) plan, removes PIMCO
trueSalt River Materials Group, Scottsdale, Ariz., is adding the Metropolitan West Total Return Bond Fund and the Vanguard Total Bond Market Index Fund to the investment options lineup in its 401(k) plan.
Big money sells in bond market as PIMCO cuts government holdings
truePIMCO is selling in the U.S. government debt market, while Morgan Stanley says yields will rise.
Iowa PERS taps TCW, Prudential Fixed Income to replace $1.2 billion PIMCO portfolio
trueIowa Public Employees’ Retirement System hired TCW Group and Prudential Fixed Income as active core-plus fixed-income managers.
Orange County Employees to redeem 5 strategies
trueOrange County Employees Retirement System, Santa Ana, Calif., is winding down its remaining positions with five managers.
Austin Firefighters corrals Loomis Sayles for core-plus fixed income
trueAustin (Texas) Firefighters' Relief & Retirement Fund hired Loomis Sayles to manage $40 million in active core-plus fixed income.
Litigation heavy on minds of defined contribution execs
trueDefined contribution plan executives are as concerned about litigation as they are about failing to meet their participants' retirement goals, investment consultants revealed in a survey by Pacific Investment Management Co. LLC, Newport Beach, Calif.
Ohio deferred compensation plan drops PIMCO for TCW Group
trueOhio Public Employees Deferred Compensation Program is adding the Ohio DC Intermediate Bond fund, managed by TCW Group, to its investment options lineup.
Principal hires PIMCO exec to run new ETF business
truePaul Kim was hired as managing director and head of exchange-traded fund strategy at Principal Global Investors.
Pensacola funds go with Garcia Hamilton to replace PIMCO
trueTwo Pensacola, Fla., pension funds hired Garcia Hamilton & Associates to run active domestic fixed-income portfolios.