PIMCO’s All Asset All Authority institutional fund received a Gold rating this week from Morningstar Analyst Ratings. The PIMCO fund, managed by sub-advisor Rob Arnott of Research Affiliates, “had its many moving parts moving in sync in 2011,” according to a report by Morningstar analyst Kevin McDevitt.

The leveraged fund of funds generated 6.8% return year-to-date, and slightly more than 3% last year – placing it in the top 10% of performers last year, according to McDevitt, who attributed the performance to Arnott “deftly navigating choppy global markets,” extensive diversification and conservative valuations.

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