Pacific Investment Management Co.
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Orange County Employees taps Dodge & Cox to take on portion of PIMCO assets
trueOrange County Employees Retirement System hired Dodge & Cox to manage about $200 million in active core fixed income, pending legal due diligence and successful contract negotiations.
Allianz reports 144.8 billion euros in net outflows at PIMCO in fourth quarter
trueAssets under management at Allianz's money management arm decreased 3.8% to €1.8 trillion ($2 trillion) in the quarter ended Dec. 31, but were up 1.8% for the year, despite continued outflows following former PIMCO Chief Investment Officer William H. Gross' September departure.
Kentucky Retirement Systems drops PIMCO and Pyramis, adds transition manager
trueKentucky Retirement Systems hired State Street Global Markets as a transition manager, and terminated PIMCO and Pyramis Global Advisors because of personnel changes at the money managers.
PIMCO chief economist to leave 9 months after rejoining firm
truePaul McCulley is leaving PIMCO as chief economist in another key staff change, nine months after he joined at the urging of former Chief Investment Officer William H. Gross, the money manager said Friday in a statement.
Coca-Cola taps Loomis Sayles to replace PIMCO on 401(k) plan option
trueThe Coca-Cola Co., Atlanta, hired Loomis Sayles to replace Pacific Investment Management Co. as the investment manager for the U.S. core-plus active fixed-income option in The Coca-Cola Co. 401(k) Plan, said to a company notice to participants obtained by Pensions & Investments.
PIMCO names global economic adviser
truestrong>Joachim Fels, an economist, was hired by PIMCO as a managing director and global economic adviser, the latest personnel hire since the departure of firm co-founder and Chief Investment Officer William Gross in September resulted in a management revamp.
University of Rochester to drop PIMCO fund as investment option
trueUniversity of Rochester, N.Y., will remove the PIMCO Unconstrained Bond Fund as an investment option for its $3.45 billion 403(b) and $67.8 million 457(b) plans.
Market only driver of money manager AUM growth in '14
trueAssets under management for most publicly-traded money managers inched up in the fourth quarter after they declined nearly across the board in the third quarter.
4 institutional PIMCO executives to leave firm
trueFour institutional business executives have left or are set to leave PIMCO in the coming months, sources said.
PIMCO Total Return Fund had $11.6 billion of withdrawals in January
truePacific Investment Management Co.'s largest mutual fund sustained about $11.6 billion in withdrawals in January, the 21st straight month of redemptions at the strategy once managed by bond manager William H. Gross.
Tulare County casts net for core-plus managers to replace PIMCO
trueTulare County Employees’ Retirement Association is searching for a core-plus fixed-income manager to run about $101 million.
Huntington Ingalls goes with MetWest, drops PIMCO Total Return Fund
trueHuntington Ingalls Industries Inc. is adding the Metropolitan West Total Return Bond Fund as an investment option in one of its 401(k) plans.
North Dakota PERS puts PIMCO and Wells Fargo funds on watch
trueNorth Dakota Public Employees Retirement System, Bismarck, put the PIMCO Total Return Fund and Wells Fargo Advantage Growth Fund on watch.
Real estate investors ramping up risk, moving from commingled funds
trueReal estate investors are investing in riskier properties while accepting lower returns and longer periods of illiquidity or lockup periods, said speakers Wednesday at IMN's 12th Annual Winter Forum on Real Estate Opportunity & Private Fund Investing Conference in Laguna Beach, Calif.
Aurora General Employees moves PIMCO to watch status
trueAurora (Colo.) General Employees' Retirement Plan put PIMCO on watch because of the departure of William H. Gross, PIMCO's co-founder and chief investment officer.