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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.
TCW Group adds to emerging markets unit
trueJae Lee was named senior vice president in the emerging markets group at TCW Group.
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.
TCW names managing director in fixed-income group
trueSimon Park joined TCW Group as a managing director in its U.S. fixed-income group, responsible for trading high-yield and crossover securities.
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.
TCW Group forms new unit to start energy investments again
trueTCW Group is getting back into investing in energy projects and plans to raise new private equity funds to make equity and debt investments in the sector.
TCW's Stern buys into NBA's Bucks
trueTCW Group Inc. Chairman Marc Stern is among the newest owners of the National Basketball Association's Milwaukee Bucks, a team controlled by Marc Lasry, co-founder, chairman and CEO of Avenue Capital Group, and Wesley Edens, co-founder, principal and co-chairman of Fortress Investment Group LLC.
Colorado County picks MetWest fund to replace PIMCO
trueColorado County Officials & Employees Retirement Association is adding the Metropolitan West Total Return Bond Fund to the investment lineup of its 401(a) and 457 plans.
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.
Ohio Bureau of Workers' Compensation gives $3 billion to 4 bond managers
trueOhio Bureau of Workers' Compensation hired J.P. Morgan Asset Management, Loomis Sayles & Co., Prudential Financial and TCW Group to run about $725 million each in active domestic core-plus fixed income for the $24 billion state insurance fund.
Battle for share of PIMCO spoils is getting hotter
trueThe money spigot is expected to keep flowing for PIMCO competitors who are working hard to snare the billions in fixed-income investments in play following September's departure of William H. Gross from the firm he co-founded.
TCW expands alternatives marketing team
trueWilliam Lloyd has joined TCW Group as managing director and head of alternatives marketing and Joseph Quinn joined as head of alternative marketing, said company spokesman Doug Morris on Thursday.
Goldman said to lead $350 million buyout of debt fund holdings
trueGoldman Sachs Asset Management is the lead investor in a transaction to purchase stakes in two older distressed debt funds overseen by a former unit of TCW Group.
TCW selects senior institutional marketer
trueMichael Wright has joined money manager TCW Group as senior vice president and senior institutional marketer.
TCW hires managing director for direct lending
trueDavid Dobies joined TCW Group as a managing director in the firm's direct-lending group.