Pimco

Optimism is building that a game-changing fund design that will help asset managers shrink clients' tax bills will soon be approved by the SEC.

Nervous investors often ask how the presidential election will affect their portfolios. New research offers a simple way to reassure them: Look at the numbers.

“Inflation, currently below 2%, is not going to be below 2% in the next few months,” the retired bond king said.

Two women employees at the firm’s Newport Beach, California office say they were demoted after reporting instances of bias and harassment.

JPST, which tracks investment-grade securities maturing in a year or less, has attracted over $3.7 billion in flows this year.

The wirehouse says it wants to simplify pricing for separately managed accounts and expand client choice.

Withdrawals this year have equaled almost half of last year’s inflows, leaving Pimco with net outflows of $46.8 billion in the first quarter.

It’s the latest example of how firms who spent the past decade battling low yields are now raising cash to seize on deep discounts from the coronavirus.

Dubbed Disco III, the fund will target leveraged loans, high-yield bonds and collateralized loan obligations.

The smart-beta pioneer and sub-advisor to money managers has re-calibrated its forecasts after the coronavirus-induced crash reshaped markets.