Newport Beach, CA-based PIMCO, aka the Pacific Investment Management Co., hitherto best known for its mutual funds management and fixed-income investing prowess, has hired equities specialists Giles Money and Lucrecia Tam as new senior vice presidents. Money will be a portfolio manager focused on global growth equity strategies and Tam will be an equity analyst… Read More >>
FIX Group Pushes Best Practices for Bond Trading
The FIX Trading Community, a non-profit, industry-driven standards body, has announced the creation of a set of recommended best practices for the use of FIX electronic trading standard to exchange pre-trade information in the bond markets, officials say. The Global Fixed Income Subcommittee members are currently reviewing the draft and expect a final release later… Read More >>
G2 FinTech Teams with Advent to Target CBR
G2 FinTech, provider of the TaxGopher tax analysis and compliance software, and Advent Software, maker of Geneva portfolio management system, are joining forces to help prime brokers comply with Phase 3 of the cost-basis reporting (CBR) tax requirements of the Internal Revenue Service. New CBR rules have been taking effect over the past two years… Read More >>
iTB Bolsters Interface for Fixed Income Platform
iTB Holdings, a software vendor for institutional fixed income traders, has upgraded the interface for its iTBconnect platform that allows users to display their bids/offers and inventory to electronic fixed income trading venues in order to improve fill rates, optimize execution prices and maximize distribution, officials say. The iTBconnect platform is used for executing trades,… Read More >>
PIMCO’s New Portfolio Manager from Moore Capital
Pacific Investment Management Company, a global investment management firm headquartered in Newport Beach, Calif., and better known as PIMCO, reports that it has hired Mohsen Fahmi as managing director and generalist portfolio manager. Fahmi will focus on global fixed income assets and will report to Mihir Worah, deputy chief investment officer, according to a company… Read More >>
