Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Pimco Looks to Add Managers, Expand its Offerings Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, August 12, 2009

Pimco Looks to Add Managers, Expand its Offerings

by: Meredith Mazzilli

Kiplinger's September issue featured a piece on Pimco, and focused on potential upcoming changes at the West-coast firm. Most notably, the article reported that Pimco is readying to make a "big move" into stocks. In the article, titled The Bond Kings Spice Up Their Menu, Pimco CEO Mohamed El-Erian was quoted regarding future expansions of the fund shop's product lineup.

El-Erian noted Pimco will undertake "a multiyear effort to evolve into an even more complete provider of global investment solutions for our clients."

This effort is taken to mean that Pimco will no longer be restricted to bond funds, and may indicate that more equity mutual funds are on the horizon for the west-coast fund shop.

Founder Bill Gross told Kiplinger that Pimco may be looking to add new fund managers and expand their offerings into areas currently underrepresented by the bond giant.

"We're currently interviewing stock-fund managers from various firms-- looking to start from square one with a new product and apply our philosophy to new areas," Gross said.

Pimco's long term goal, according to Gross, is to be "not just the best bond manager, but the best investment manager in the world."

The article does not mention Pimco's recent foray into exchange-traded funds.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2019: Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use