Pacific Investment Management Co.
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Long-duration bond strategies continuing its dominant ways
trueLong-duration bond strategies for the fifth consecutive quarter dominated the list of top-performing domestic fixed-income managers for the year ended Sept. 30, according to Morningstar Inc.'s separate account/collective investment trust database.
San Joaquin County commits to 2 direct lending funds, terminates PIMCO risk parity
trueSan Joaquin County Employees' Retirement Association committed $50 million each to direct lending funds Crestline Opportunity Fund III, managed by Crestline Investors, and White Oak Summit Fund, managed by White Oak Global Advisors.
PIMCO seeks to toss Gross' lawsuit claims as 'reputational warfare'
truePacific Investment Management Co. fired back at Bill Gross, the co-founder who oversaw the firm's ascent for 43 years, saying his lawsuit over his departure looks more like a screenplay than a legal filing and should be thrown out.
PIMCO's head of products to retire at year-end
trueWendy Cupps, a managing director at Pacific Investment Management Co. who oversaw product management, is retiring at the end of this year to spend more time with her family and figure out her next move.
Big redemption marks end of Gross' 1st year
trueAn unidentified institutional investor redeemed nearly $500 million from the unconstrained global bond strategy managed by Janus Capital Group Inc.'s William H. Gross during the quarter ended Sept. 30, slicing about 23% of assets from the strategy.
PIMCO assets finding a floor?
trueDuring the third quarter assets under management at PIMCO fell by the smallest margin since Bill Gross left the firm at the end of the third quarter last year.
Memphis Light, Gas & Water extinguishes both emerging market debt managers
trueMemphis Light, Gas & Water Division, Memphis, Tenn., terminated emerging markets debt managers Pacific Investment Management Co. and TCW Group, recently released pension board meeting minutes said.
PIMCO, Allianz sued for breaching fiduciary duty in its 401(k) plan
trueA new lawsuit against PIMCO and its sister company Allianz Global Investors accuses the two firms of breaching their fiduciary duty by loading up their joint employee defined contribution plan with poor performing and overpriced investment options from the two managers.
Gross sues PIMCO, calls out executives for appetite for riskier, higher-fee strategies
trueWilliam H. Gross filed a lawsuit against PIMCO and parent company Allianz SE, alleging he was wrongfully driven out as the firm's chief investment officer by executives seeking financial gain.
Allianz plots rebound for PIMCO
truePIMCO’s shrinking assets under management have pinched the operating profit of its parent company, global insurer Allianz SE.
PIMCO's year after Gross
trueA look back on PIMCO since William H. Gross' departure a year ago.
PIMCO Total Return assets fall below $100 billion, a third of its peak
truePacific Investment Management Co.'s flagship fund fell below $100 billion in assets under management for the first time in more than eight years, leaving it with about a third of the money it managed at its 2013 peak.
Japan's Chikyoren taps 11 active global bond managers
trueJapan’s ¥21.1 trillion ($173 billion) Pension Fund Association for Local Government Officials hired 11 managers to run active global bond portfolios, said a spokesman for the Tokyo-based pension fund.
Allianz AUM drops 6% in quarter; PIMCO outflows total $32.5 billion
trueThird-party assets at Allianz Group, Allianz’s money management unit, decreased 6% to €1.32 trillion ($1.44 trillion) over the three months ended June 30, despite slower net outflows for PIMCO.
PIMCO clients pull $2.5 billion from Total Return Fund in July
trueInvestors pulled $2.5 billion from Pacific Investment Management Co.'s flagship fund in July, the 27th consecutive month of outflows from what used to be the world's largest mutual fund.