One of the new wave of US fund managers that have swept into Europe in the last couple of years, Pimc...
One of the new wave of US fund managers that have swept into Europe in the last couple of years, Pimco is a fixed income specialist manager of around $260bn in US portfolios. Its investment approach is total return, investing in various debt securities including asset-backed, mortgage-backed and corporate bonds from investment grade to high yield. Consistency is a key factor, according to director Joe McDevitt. Bill Gross, one of the founding directors in 1971, is still active as chief investment officer. Pimco also runs an enhanced equity index product and has other equity funds that are ...
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