Facing a third-quarter loss of 2.5 billion euros, what will
Published reports hint that PIMCOs mutual fund unit is either being polished up for a spin-off or sale.
PIMCO Funds Chairman Stephen Treadway, meanwhile, told MFMN that "there is no substance to any spinning off of our mutual funds. Our current arrangement for funding and growth as provided by Allianz has been terrific."
With $64.5 billion in assets, the PIMCO Total Return Fund is the largest U.S. bond fund. Its European counterpart, the Euro Bond Total Return fund introduced this May, has become one of the best selling funds in Germany this year.
