Asset manager the Pacific Investment Management Company (PIMCO) will have a new CEO, Emmanuel (Manny) Roman, in November, whose history includes his time as CEO of Man Group, a publicly-traded alternative asset manager. Roman is slated to replace Douglas Hodge, the current CEO, who will take on a new role as managing director and senior… Read More >>
PIMCO to Centralize KYC Efforts
Asset manager Pacific Investment Management Company (PIMCO) is signing on to use the “Kyc.com” centralized know-your-customer (KYC) service to add to its due diligence and onboarding requirements for KYC, anti-money laundering (AML), tax, credit and legal agreements, say officials at the Newport Beach, Calif.-based firm. The kyc.com service is a joint venture between information and… Read More >>
PIMCO Adds Distressed Credit EVP
Pimco Hires from Bayside Capital Pimco, the Newport Beach, Calif.-based investment management firm, reports that it has hired Lionel Laurant as an executive vice president and portfolio manager focusing on distressed credit strategies. He will be based in the London office, reporting to Marc Seidner, managing director and chief investment officer — non-traditional strategies. Laurent… Read More >>
When Bernanke Faced the Panic
As the world waits breathlessly for the Federal Reserve to render a decision on interest rates, it’s probably a good time to look back to when things really did cause you to stop breathing for a second. That would be the Great Recession when it kicked in during the fall of 2008. On a recent… Read More >>
Bernanke to Lead PIMCO Board of Policy Stars
The Pacific Investment Management Co. (PIMCO) is adding to Ben Bernanke’s responsibilities as the former head of the Federal Reserve will be serving as chairman of a new advisory board, which will be in addition to his role as senior advisor to the firm. In total, five “world-renowned experts on economic and political issues” will… Read More >>
Former PIMCO Investment Exec Launches Consultancy
Maisonneuve Founds Financial Consulting Firm Virginie Maisonneuve, a former chief investment officer for equities at PIMCO, as the Pacific Investment Management Company is known, has founded Maisonneuve Global Advisors (MGA), where she is managing director. Maisonneuve is also a director at London-based Notting Hill Digital, which specializes in advising companies about Internet technologies, and is… Read More >>
Gross vs. PIMCO: Better Than a TV Series
“Driven by a lust for power, greed, and a desire to improve their own financial position and reputation at the expense of investors and decency, a cabal of Pacific Investment Management Company (PIMCO) managing directors plotted to drive founder Bill Gross out of PIMCO in order to take, without compensation, Gross’s percentage ownership in the… Read More >>
TCW Group Hires from PIMCO
The TCW Group, an asset management firm, reports that Brian C. Ford has joined as a senior vice president for institutional marketing. Ford is now based in TCW’s New York City office, where his focus is on institutional clients in the mid-Atlantic region, and he reports to Joe Carieri, group managing director and head of… Read More >>
PIMCO Strategy Shift Spurs Executive Departure
The Pacific Investment Management Co. (PIMCO) is refining its equities strategies, which will result in the exit of Virginie Maisonneuve, the firm’s chief investment officer for global equities, according to a statement from Douglas Hodge, PIMCO’s CEO. “Equities will continue to be an important part of PIMCO’s investment solutions, including active and enhanced equities which… Read More >>
PIMCO Outflows Hit $150B for 2014
Mutual fund giant Pacific Investment Management Co. (PIMCO) had a total of $150 billion in estimated outflows for 2014, according to new data from financial research firm Morningstar, which also found that PIMCO had $26.7 billion in withdrawals last month. Morningstar researchers report that the PIMCO experienced an outflow of $26,717,199,997 for the quarter that… Read More >>
