Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Hunting For Pimco's Future, Without an Allianz Global Investors Merger Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, February 01, 2017

Hunting For Pimco's Future, Without an Allianz Global Investors Merger

News summary by MFWire's editors

M&A, quants, alts, and an Asian expansion might be in Pimco's [profile] near future, under a new CEO and a new boss at its parent company Allianz. But that new boss insists that Pimco and its sister asset manager will remain distinct.

Jackie Hunt
Allianz
Head of Asset Management and U.S. Life Insurance
Jackie Hunt, head of asset management and U.S. life insurance for Munich, Germany-based multinational Allianz, likes the new Pimco CEO Manny Roman for, as Bloomberg tells it, four key things: "that he brings expertise in quantitative investing, machine learning, dealmaking, and managing a complex company." Last summer Hunt praised Roman as "subtle and discreet".

Given that Roman hails from hedge fund giant the Man Group, alternatives could be another logical area of expansion for Pimco in the Hunt-Roman era. And one unnamed source tells Bloomberg that Roman has his sights set on a Chinese expansion, too.

Bloomberg also wonders if Allianz wants to merge Pimco with its sibling, Allianz Global Investors [profile]. Yet Hunt insists that "Pimco is the exact opposite" of Frankfurt, Germany-based AGI's multi-boutique approach.

"We are committed to the two-pillar strategy," Hunt tells the publication.

The full article offers a broader picture of Hunt, "the $2 trillion woman who's turning around Pimco". Hunt, a South African and a former top executive at Prudential plc, joined Allianz on July 1, 2016. Roman joined Pimco on November 1, reporting to Hunt.

Bloomberg also offers some updated statistics on Pimco and Allianz. Pimco now has $1.47 trillion in AUM, down from a 2013 peak of about $2 trillion after "three years of bleeding," and its cost-income ratio is 57.5 percent. AGI now has $511 billion in AUM, after net inflows in 14 of the last 15 quarters, and a cost-income ratio of 67.3 percent, reflecting a smaller AUM base for spreading costs across. 

Edited by: Neil Anderson, Managing Editor


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2018
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use