A veteran Pimco
] PM is retiring this fall, and Bill Gross' successor will help fill that PM's shoes.
| Daniel Ivascyn|
Group Chief Investment Officer
, group chief investment officer at Pimco, confirms
that he and managing director director Alred Murata
are joining the PM team for the $2.3-billion, four-star, silver-rated Pimco Diversified Income Fund
. Eve Tournier
, executive vice president and head of European credit portfolio management, will continue to PM the fund, while 17-year Pimco veteran and managing director Curtis Mewbourne
, 49, will retire from the firm on September 30.
is a former Lehman Brothers and Salomon Brothers bond trader and is an alumnus of UPenn. He was nominated for Morningstar's U.S. Fixed Income Manager of the Year
award in 2010. He is also a PM on the $36.52-million ETF version
of the Pimco Diversified Income Fund
and on the $310.5-million, three-star, neutral-rated Pimco Floating Income Fund
Ivascyn lauds Mewbourne for making "invaluable contributions to the firm throughout his career at Pimco."
"Pimco is an amazing place," Mewbourne states. "It has been truly a privilege to work with some of the most talented and hard working professionals in the industry."
Neil Anderson, Managing Editor
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