MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, August 29, 2013 Alts Are "Very Important" to Pimco, COO Says The bond fund empire is ready to go alternative, The Wall Street Journal's Kirsten Grind reports. Pimco [profile] is planning to expand its alternative-investments business, which would be geared towards both individual and institutional investors in the near future, Grind writes. Grind interviewed Pimco COO Douglas Hodge, who was quoted as saying alternatives were "a very important areas for us." Pimco's plans would be buoyed by the recent SEC decision to stop the restriction on hedge fund advertising, allowing Pimco to advertise alternative products, Grind reports. Pimco has filed for a new liquid alternative fund, Pimco Trends Managed Futures Strategy Fund, which would invest in derivative instruments linked in interest rates, currencies, mortgages, credit and commodities, Grind wites. Grind reports Pimco has been in the alternatives business for a decade and has $110 billion in AUM in liquid-alt funds. To read more, click here. Printed from: MFWire.com/story.asp?s=45810 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |