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

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

Rating:Pimco Parent May Spin Asset Unit Off Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, November 26, 2002

Pimco Parent May Spin Asset Unit Off

by: Sean Hanna, Editor in Chief

Pimco Funds and Nicholas-Applegate may not remain part of Allianz AG past 2004, according to news report. The German insurer is reportedly mulling over a spin-off of its asset management unit, Allianz Dresdner Asset Management. The spin-off could take the form of an initial public offering as a tracking stock or a private-equity sale, reports Money Management Letter.

Any deal would likely take place by early 2004, the newsletter reports investment bankers as saying. The unit manages some $360 billion in assets. It consists of PIMCO, Nicholas-Applegate Capital Management, Oppenheimer Capital, Dresdner RCM Global Investors, NFJ Investment Group, and Cadence Capital Management.

The report says the firm is considering the sale as part of a reassessment of its decision to build the asset management business.  

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
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
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. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use