has a "renewal" plan for Pimco
], and the focus is on products and locales that are outside Pimco's old focus.
| Douglas M. Hodge|
Chief Executive Officer
Neil Callanan and Dalia Fahmy of Bloomberg
highlighted remarks that the Pimco CEO made today at an Allianz
conference in Munich. (Germany-based Allianz is Newport Beach, California-based Pimco's parent.)
Per the wire service, Hodge sees more of Pimco's growth coming from less-traditional, higher risk fixed income products and alternatives, as well as from clients overseas, especially in China. At the end of Q3 2015, Pimco had $1.4 trillion in AUM, including about $1.05 trillion managed for clients. Bloomberg
reports that currently about 65 percent of those client assets are in the Americas, versus 23 percent in Europe and 12 percent Asia-Pacific.
Hodge's comeback twist talk comes at the of a rough couple of years for Pimco. In 2014 its prior CEO
and its famous co-founder
both left, and its flagship Total Return Fund
has suffered 30 straight months of net outflows
Neil Anderson, Managing Editor
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