MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, November 13, 2013 Allianz Pulls $6B in Mandates From Pimco Allianz [profile] and Pimco [profile] are cutting a $6 billion tie. Emily Blewett of Citywire reports that the German multinational is pulling a number of fixed income sub-advisory mandates in Europe away from its Californian subsidiary. The funds in question hold about 4.6 billion euros (roughly $6.2 billion) in combined assets. A spokesman for Frankfurt-based Allianz Global Investors told Citywire that the move is "the last step in the implementation of [Allianz's] two-pillar strategy" to make AGI and Pimco distinct asset managers. Printed from: MFWire.com/story.asp?s=46728 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |