MILAN/NEW YORK (Reuters) – U.S. fund Pacific Investment Management Co (Pimco) has purchased all of a $Three billion, five-year bond provided with a hefty return by Italy’s prime financial institution UniCredit (CRDI.MI) to adjust to capital buffer guidelines, two sources accustomed to the matter stated. Ticker and buying and selling info for Pacific Investment Management […]
NEW YORK (Reuters) – PIMCO, one of many world’s largest fixed-income managers, on Monday named Erin Browne, beforehand of UBS Asset Management and Steve Cohen’s Level72 Asset Management, as managing director and portfolio manager targeted on asset allocation. Browne, who most just lately helped drive macro analysis at UBS and created a framework for allocation […]
NEW YORK (Reuters) – Investment agency Pimco thinks it’s unlikely that Washington will enact welfare reform or a serious spending plan to enhance bridges, roads and different infrastructure in 2018, Libby Cantrill, Pimco’s head of public coverage, stated on Tuesday. “While infrastructure was a key theme during the 2016 campaign and has strong support among […]
Pimco’s well-known fund as soon as managed by star supervisor Bill Gross has lower than $100 billion in administration for the primary time since 2007. SOURCE: Mutual fund recommendation and information – CNNMoney.com – Read whole story here.
David Hammer, Head of Municipal Portfolio Management for PIMCO, says the perfect alternative at present for municipal bond buyers is within the excessive yield area. That’s not simply due to rates of interest. It’s obtained extra to do with bond spreads than yield itself.SOURCE: Forbes – Mutual Funds – Read complete story here.