Doug Hodge has a "renewal" plan for Pimco [profile], and the focus is on products and locales that are outside Pimco's old focus.

Douglas M. Hodge PIMCO Chief Executive Officer

Neil Callanan and Dalia Fahmy of Bloomberg highlighted remarks that the Pimco CEO made today at an Allianz conference in Munich. (Germany-based Allianz is Newport Beach, California-based Pimco's parent.)

Per the wire service, Hodge sees more of Pimco's growth coming from less-traditional, higher risk fixed income products and alternatives, as well as from clients overseas, especially in China. At the end of Q3 2015, Pimco had $1.4 trillion in AUM, including about $1.05 trillion managed for clients. Bloomberg reports that currently about 65 percent of those client assets are in the Americas, versus 23 percent in Europe and 12 percent Asia-Pacific.

Hodge's comeback twist talk comes at the of a rough couple of years for Pimco. In 2014 its prior CEO and its famous co-founder both left, and its flagship Total Return Fund has suffered 30 straight months of net outflows. 

Edited by: Neil Anderson, Managing Editor


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