Newport Beach, CA-based PIMCO has filed
According to the filing, the fund will bet on a diversified portfolio of “fixed income instruments of varying maturities, which may be represented by forwards or derivatives such as options, futures contracts or swap agreements.” It charges a management fee of 44 basis points.
The fund's portfolio is managed by Jerome Schneider, who joined PIMCO in 2008 from Bear Stearns where he served as a senior managing director, specializing in credit and mortgage-related funding transactions.
PIMCO had approximately $1.77 trillion in assets under management as of March 31.