Bond investment behemoth Pacific Investment Management Co. (PIMCO) has rehired a Nobel Prize-winning economist as a consultant and is bringing back a portfolio manager who will return as a new executive vice president (EVP). Nobel Laureate Economist Michael Spence joins PIMCO as a consultant on macroeconomic and global policy issues, while Jeremie Banet, who worked… Read More >>
PIMCO’s Meyn: Better Recs Can Prevent Wrecks
Optimal reconciliation and exception management can catch early on many signs of fraud, rogue trading and other nightmares that have rocked the financial services industry in recent years and should be treated as such, says Cynthia Meyn, executive vice president of operations at Pacific Investment Management Co. (PIMCO), a bond investment giant based in Newport… Read More >>
PIMCO’s New Group CIO Faces Redemption Woes
Bond investment giant PIMCO has elected industry veteran Daniel Ivascyn to serve as group chief investment officer following the sudden departure of co-founder William H. Gross last week, which hastened investor redemptions, PIMCO officials say. Influential fixed income adviser Gross left to work for mutual fund giant Janus Capital Group. Over the past month, investors… Read More >>
PIMCO’s Bill Gross Moves to Janus
Amid controversy, influential fixed income investor William H. Gross is gone from bond investment giant PIMCO to work for mutual fund giant Janus Capital Group, according to Janus and PIMCO officials. Gross, the now former chief investment officer for PIMCO, will be leaving a company that is reportedly facing $65 million in redemptions from its… 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 >>
Celebrating FinTech Innovation
Barring the unforeseen, our magazine supplement detailing winners of the FTF News Technology Innovation Awards for 2014 will be online soon. We’re featuring profiles of the fintech providers in attendance for the gala presentation and insights from the individuals recognized for their major contributions. To complete the package, we have photos from a perfect cruise… Read More >>
PIMCO Envisions ‘No Fails in Collateral’
(Editor’s note: Bond giant Pacific Investment Management Company, a.k.a. PIMCO, successfully “championed the use of electronic, digitized settlement instructions for the movement of collateral,” says Cynthia Meyn, executive vice president for operations at PIMCO. Meyn lists “electronically agreeing collateral, instructing collateral and ultimately net settling collateral at the DTCC on a same-day basis,” as one… Read More >>
Pimco Fills Top Asia-Pac Posts
Pimco has named Eric J. Mogelof to be its head of Asia Pacific, and has hired Adrian Stewart as executive vice president and head of Pimco Australia. Stewart will begin his term with Pimco in August and will report to Mogelof, say officials at the bond giant. Previously, Mogelof was head of the Americas institutional… Read More >>
Tullett Prebon Info Targets Fragmented SDR Data
Data provider Tullett Prebon Information (TPI) has just launched an aggregated swap data feed that attempts to collect and standardize the vast amounts of data made available by the creation of Dodd-Frank mandated swap data repositories (SDRs). Dodd-Frank requires reporting counterparties and reporting entities to submit swap transaction data to SDRs via electronic reporting to… Read More >>
Buy Side Avoiding SEFs
Buy-side firms have made great strides in the past five years in revamping their over-the-counter (OTC) derivatives trading infrastructures and processes even though they are avoiding swap execution facilities (SEFs) as often as they can, says Cynthia Meyn, executive vice president and senior operations manager for bond fund manager PIMCO, who spoke during a panel… Read More >>
