Plus, Third Avenue Value celebrates its 20th anniversary, and more.
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PIMCO recently filed a preliminary prospectus for its second actively managed equity fund.
PIMCO EqS Emerging Markets Fund will invest at least 80% of its assets in emerging-markets equities. The fund also has the latitude to invest in fixed-income securities, commodity related instruments, exchange-traded funds, futures, and other investment companies.
The filing comes three months after PIMCO announced it had hired Goldman Sachs
This fund follows the successful launch of PIMCO's first actively managed equity fund, PIMCO EqS Pathfinder
The fee structure of the fund was not disclosed.
PIMCO also plans to launch an emerging-markets-oriented allocation fund. The PIMCO Emerging Multi-Asset Fund will be able to invest in stocks, bonds, derivatives, and other funds. Curtis Mewbourne and Guillermo Osses will join Gordon as comanagers on the fund.
Third Avenue Value Celebrates 20th Anniversary
Marty Whitman's Third Avenue Value