Pimco Hires from Bayside Capital Pimco, the Newport Beach, Calif.-based investment management firm, reports that it has hired Lionel Laurant as an executive vice president and portfolio manager focusing on distressed credit strategies. He will be based in the London office, reporting to Marc Seidner, managing director and chief investment officer — non-traditional strategies. Laurent… Read More >>
PIMCO Brings Two Back Into the Fold
Bond investment behemoth Pacific Investment Management Co. (PIMCO) has rehired a Nobel Prize-winning economist as a consultant and is bringing back a portfolio manager who will return as a new executive vice president (EVP). Nobel Laureate Economist Michael Spence joins PIMCO as a consultant on macroeconomic and global policy issues, while Jeremie Banet, who worked… Read More >>
PIMCO’s New Group CIO Faces Redemption Woes
Bond investment giant PIMCO has elected industry veteran Daniel Ivascyn to serve as group chief investment officer following the sudden departure of co-founder William H. Gross last week, which hastened investor redemptions, PIMCO officials say. Influential fixed income adviser Gross left to work for mutual fund giant Janus Capital Group. Over the past month, investors… Read More >>
