PIMCO

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  1. Janus' Third-quarter Results Put Focus Back on Firm's Overall Operations; No Change to FVE

    Commentary

    Thu, 23 Oct 2014

    believe that the hiring of Bill Gross will have a positive impact ..... manager and the likelihood that PIMCO suffers through a prolonged ..... on Janus' top line, the company reported a 9% increase in ..... 30% range. With the company generating better free cash flow, management has been dedicating more capital

  2. 5 Upgrades, 10 Downgrades in Our 529 Ratings

    Video Reports

    Wed, 22 Oct 2014

    typically an investment manager but sometimes ..... their program- management fee this year ..... you say tactical management , you're talking ..... and has a strong investment lineup. Zoll ..... the upheaval at PIMCO , including the ..... s founder, Bill Gross --manager of ..... TICKER:PTTRX] PIMCO Total Return Fund ..... Dakota plan, the Allianz -sponsored plan ..... Allianz , the parent company of PIMCO , is

    Allianz found at 4:17

    suits what type of risk tolerance you have, and has a strong investment lineup. Zoll: One big story we've been following here at Morningstar has been the upheaval at PIMCO , including the departure of the firm's founder, Bill Gross --manager of their flagship [TICKER:PTTRX] PIMCO Total Return Fund (PTTRX). How has the upheaval at PIMCO affected the 529 space? Spica: A lot of actively managed 529 plans use PIMCO for their bond exposure or for a significant portion of their bond exposure. So, we've seen changes at a number of plans. Two states in particular cut PIMCO from the lineup. One replaced it with the program manager TIAA-CREF (TBIIX) and another replaced it with an index fund. So, we've seen a couple of states pull the trigger pretty quickly to get rid of it. Other states are taking their time. They are evaluating their options. They are seeing what the liquidity inflows are like at the [TICKER:PTTRX] PIMCO Total Return Fund before making a decision. Zoll: We have downgraded the PIMCO Medalist rating from Gold to Bronze. Has the Medalist rating of any of the 529 plans that were using PIMCO or are using PIMCO been affected? Spica: That's another good question. The PIMCO fund itself still is a Medalist, still has a Bronze rating, but we have downgraded the South Dakota plan, the Allianz -sponsored plan. Allianz , the parent company of PIMCO , is the program manager for that state. And so, they have a lot of exposure to PIMCO from many different angles. A lot of the underlying funds are from PIMCO , including [TICKER:PTTRX] PIMCO Total Return. So, we expect the disruption at PIMCO as well as some other nuances about the plan to really detract from its future performance. Zoll: Well, Kathryn, lots of interesting
  3. Ford to abandon Pimco Total Return

    Headlines

    Wed, 22 Oct 2014

    next to abandon the Pimco Total Return Fund ..... the departure of Bill Gross . "Effective Nov. 14, 2014, the Pimco Total Return Fund ..... removed from Ford's investment lineup," says the company . Additional Pimco Total Return Fund

  4. Updated Ratings on 18 PIMCO Funds

    Headlines

    Wed, 22 Oct 2014

    attention on the Bill Gross story has been on PIMCO Total Return ..... manager on 10 PIMCO funds , but scores ..... group chief investment officer and ..... Jacobson PIMCO Unconstrained ..... veteran at PIMCO , but he doesn ..... reshaped investment committee ..... few other PIMCO funds , so PIMCO

  5. UPDATE 1-Ford Motor says will drop Pimco Total Return Fund from its 401k plan

    Headlines

    Tue, 21 Oct 2014

    NEW YORK, Oct 21 (Reuters) - Ford Motor Co said on Tuesday the company will drop the Pimco Total Return Fund from its 401k plan as a result of the sudden departure of Bill Gross .

  6. Ford Motor says will drop Pimco Total Return Fund from its 401k plan

    Headlines

    Tue, 21 Oct 2014

    NEW YORK, Oct 21 (Reuters) - Ford Motor Co said on Tuesday the company will drop the Pimco Total Return Fund from its 401k plan as a result of the sudden departure of Bill Gross .

  7. Pacific Life follows Gross to Janus

    Headlines

    Tue, 21 Oct 2014

    s the former parent of Pacific Investment Management (now known as Pimco , and parented by OTCQX:AZSEY ) where Bill Gross made his name, Pacific Life Insurance Co. is ..... separate accounts from the Pimco Global Multi-Asset Managed

  8. Which Firms Are Capturing PIMCO's Outflows?

    Video Reports

    Mon, 20 Oct 2014

    month has to be PIMCO --what happened after Bill Gross ' surprise departure ..... TICKER:PTTRX] PIMCO Total Return ..... typically make investment decision in ..... Or have other PIMCO funds , maybe even ones not managed by Bill Gross , have they

    Pimco found at 2:26

    more outflows in the coming months, because institutional investors don't typically make investment decision in a hair trigger, in a day or two. They have an investment committee that they talk to, and so we'll see what institutional investors do over the next few months. Glaser: Has this been mostly a Total Return impact? Or have other PIMCO funds , maybe even ones not managed by Bill Gross , have they also been under pressure in September? Strauts: PIMCO has been under pressure for the last year in general. All of PIMCO's major funds except PIMCO Income--which is run by Dan Ivascyn, the new CIO--have actually been in net redemptions over the last year. So, obviously, Total Return was the largest outflow and then two other funds, [TICKER:PUBAX] PIMCO Unconstrained Bond (PUBAX) and [TICKER:PTLAX] PIMCO Low Duration (PTLAX)-- which were also managed by Bill Gross --were the second and third largest outflows. So, yes, PIMCO is under stress right now. Glaser: Where is this money going? Do you have a sense of which other fixed-income managers might
  9. Allianz Trades At Low Multiples And Offers A Forward Yield Of 5%

    Headlines

    Fri, 17 Oct 2014

    Jonathan Weber : Allianz (OTCQX: AZSEY ..... financial services company . Allianz , headquartered ..... insurance) - Asset management Latest results ..... announcement was made that Bill Gross would leave the asset manager PIMCO , which is an affiliate of Allianz . Bill Gross , undoubtedly one

  10. UPDATE 1-Russell Investments, Fort Lauderdale pension ax Pimco

    Headlines

    Thu, 16 Oct 2014

    NEW YORK, Oct 16 (Reuters) - Russell Investments and the Fort Lauderdale (Fla.) Police & Fire Retirement System said on Thursday they dropped Pacific Investment Management Co as the manager of their bond portfolios following the departure of Bill Gross in late September.

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