Although Mutual Fund Market News reported last month that PIMCO Advisors Holdings of Newport Beach, Calif., has formed a new global unit to manage its international offices, there were reports last week that PIMCO is now looking to be acquired by an international firm because it is dissatisfied with its U.S. growth.

"There is a real push at our company to go around the world" Mark Porterfield, a spokesperson at PIMCO said recently (MFMN 6/21/99).

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