PIMCO Rehires Spence, Banet to Rebuild After Gross Departure
PIMCO has named Nobel laureate Michael Spence as consultant and rehired money manager Jeremie Banet as executive vice president.
PIMCO Outflows Slow, Firm Hires ‘Distressed Credit’ Manager
The level of pain at the flagship Total Return fund is down, but a rival fund continues to shine.
Allianz Backs ‘Legend’ Bill Gross as PIMCO Total Return Lags
“We want Bill Gross to work as CIO for as long as he is willing and able,” says Allianz board member Jay Ralph.
PIMCO Taps McCulley as Economist; Calvert's Krumsiek to Shift Roles
PIMCO rehired Paul McCulley to serve as a managing director and take on a new role as the group's chief economist. McCulley, who worked for the firm from 1990 to 1992 and from 1999 to 2010, also will be a member of PIMCO's Investment Committee and will report directly to...
PIMCO’s McCulley: War on Inflation Is ‘Over, Done, Finished’
In his first commentary since returning to PIMCO, Chief Economist Paul McCulley says inflation is "dead" and stocks are fairly valued.
PIMCO’s Gross Cruises Into ‘New Neutral’
PIMCO leader mixes metaphors as he explores Fed’s “New Neutral” goal and what it means for investors. Oh, he also doesn’t own a cellphone.
PIMCO Brings Back McCulley
Bond group rehires popular economist Paul McCulley in hopes of stemming outflows, rebuilding leadership in wake of El-Erian's exit.
El-Erian’s PIMCO Exit: A Game Changer?
Experts say the CEO wasn't pushed out, but it may prove difficult for PIMCO to fill his shoes at the firm and in the media.
Regulators Casting Light on Shadow Banks
Concerns that shadow banks have no backstop in case of crisis and offer opportunities to engage in risky, if not illegal behavior, are pushing regulators for the G20 to look more closely at such institutions.
PIMCO Total Return Loses Big In November
Outflows second highest for the month out of 10 largest bond funds.