Sibling rivalry can be so great to watch, when you're not involved.
Allianz Global Investors
] is attempting to distinguish itself from Pimco
], its more famous sister subsidiary, and at some point may be looking to actually compete.
Pensions & Investments reports
that AllianzGI launched an integrated business model at the start of the year that could strengthen further AllianzSE
, the parent company.
, co head and global CIO, said that "with PIMCO now focusing not only on bonds, but also multiasset and equities, the new (AllianzGI) is also able to offer more fixed-income products."
AllianzGI manages $384 billion in assets.
"Being smaller and different from Pimco can also be and advantage," said Donald Putnam, managing partner at Grail Partners.
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