By Jennifer Ablan and Dan Wilchins NEW YORK (Reuters) - Lehman Brothers Holdings Inc shares tumbled to an eight-year low on Thursday as the investment bank was battered by rumors -- later discredited -- that some key counterparties had pulled business away from...
I hate to keep harping on the Bear Stearns bailout but hey, everyone else is and it is surely the biggest financial story of the year (or if it isn't we're worse off than we think). But now comes Bill Gross, a managing director at PIMCO and...
PIMCO, a leading investment managementfirm, announced today that it has launched the PIMCO Unconstrained BondFund UBF, which puts the firm's proven investment process to work forclients in a fund that is not tethered to benchmark-specific guidelines.The UBF is managed by PIMCO Managing Director and Portfolio Manager ChrisDialynas. "The underlying strategy...
China may be the rare case of a modern, fast-growth economy that has turned the terms of the trade against itself. Every year, PIMCO employees lock themselves (mentally, that is) in a room for three days to discuss what the world will look like in three to five...
Pacific Investment Management Co. PIMCO has launched PIMCO RealRetirement Funds, a series of investment funds intended to help retirees stay ahead of inflation by maximizing their purchasing power. The new funds are "target date" funds that automatically rebalance portfolios as they move toward an investor's expected retirement date. The PIMCO...
PIMCO, a leading global investmentmanagement firm, announced today that it has hired Eve Tournier asExecutive Vice President and Portfolio Manager in its corporate creditgroup. Ms. Tournier joins PIMCO from Deutsche Bank in London, where she was aManaging Director and European Head of High Yield Credit Trading.Previously, she worked in credit...
PIMCO Strategic Global Government Fund,Inc. (NYSE: RCS) (the "Fund") today declared dividends totaling 6.5 centsper share of ordinary income payable on June 12, 2008 with an ex-dividenddate of May 28, 2008 to shareholders of record as of the close of businesson May 30, 2008. The dividend will be paid in...
LOS ANGELES, May 14 /PRNewswire/ -- Asia Society Southern California's Annual Gala Dinner on Tuesday evening, May 20, 2008, at the Beverly Hilton Hotel in Los Angeles will honor Bill Gross of PIMCO for his service to our community. Also featured will be David Bonderman, a Founding Partner of...
LOS ANGELES, May 13 /PRNewswire/ -- Many of America's most prominent and best-in-class financial figures will discuss the Global Investment Climate on May 20, 2008, at an Executive Conference hosted by Asia Society Southern California in Los Angeles. Donald Tang, Vice Chairman of Bear Stearns and Chairman of the...
CHICAGO, May 8 /PRNewswire-FirstCall/ -- Morningstar, Inc. , a leading provider of independent investment research, will host its 20th annual investment conference for financial advisors Wednesday, June 25 through Friday, June 27, at McCormick Place Convention Center West Building in Chicago. Last year, about 1,400 industry leaders, financial...
LOS ANGELES, May 6 /PRNewswire/ -- Many of America's most prominent and best-in-class financial figures will discuss the Global Investment Climate on May 20, 2008, at an Executive Conference hosted by Asia Society Southern California in Los Angeles. Donald Tang, Vice Chairman of Bear Stearns and Chairman of the...
LOS ANGELES, May 6 /PRNewswire/ -- Asia Society Southern California's Annual Gala Dinner on Tuesday evening, May 20, 2008, at the Beverly Hilton Hotel in Los Angeles will honor Bill Gross of PIMCO for his service to our community. Also featured will be David Bonderman, a Founding Partner of...
Investment consultants believe thatdefined contribution retirement plans, such as 401ks, will increasinglydefault participants into target date investment strategies over the nextseveral years, according to the "PIMCO 2008 Defined Contribution ConsultingSupport and Trends Survey" released today by PIMCO, a leading investmentmanagement firm and provider of retirement solutions. Target date strategies, which...
Sovereign wealth funds have been activeglobal investors for many years and need not be feared, said a panel ofexperts at the Committee of 100's 17th Annual Conference. "Sovereign wealthfunds are a part of globalization," said Jesse Wang, Deputy General Managerof China Investment Corporation CIC, "China is actively integrated inthis process."...
PIMCO Strategic Global Government Fund,Inc. (NYSE: RCS) (the "Fund"), today declared dividends totaling 6.5 centsper share of ordinary income payable on May 8, 2008 with an ex-dividenddate of April 28, 2008 to shareholders of record as of the close ofbusiness on April 30, 2008. The dividend will be paid in...
PIMCO announced today that it has hiredChristian Stracke as an Executive Vice President and Co-Head of CreditResearch. Mr. Stracke will be based in the firm's Newport Beach, Californiaoffice where he will complement the strong expertise and specialization ofPIMCO's credit group. "We are excited about having Christian join us. Throughout his...
Byline: David Rowley Distressed selling of mortgage and asset-backed securities has thrown up good opportunities for pension funds, according to Pimco. The fixed income specialist says selling from overleveraged investors such as hedge funds has cut the value of securities...
PCM Fund, Inc. (NYSE: PCM) (the "Fund"),a closed-end bond fund that invests principally in commercialmortgage-backed securities, today announced the adjournment of its AnnualMeeting of Shareholders of the Fund until April 23, 2008, at 10:00 a.m.,Pacific time, at 800 Newport Center Drive, 6th Floor, Newport Beach,California 92660. The Annual Meeting...
PIMCO Strategic Global Government Fund,Inc. (NYSE: RCS), a closed-end, intermediate-term bond fund whose primaryobjective is to generate a level of income higher than that generated byhigh quality, intermediate-term U.S. debt securities, today announced thatthe Annual Meeting of Shareholders of the Fund will be held at 800 NewportCenter Drive, 6th Floor,...
With the U.S. retirement systemundergoing fundamental changes, individuals increasingly face the task ofasset allocation in their retirement portfolios. PIMCO, a leadinginvestment management firm and provider of retirement solutions, announcedtoday that it is launching PIMCO RealRetirementTM Funds, a series offunds that are intended to help retirees stay ahead of inflation bymaximizing...
