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 25, 2015 Hodge Shares His Pimco Vision: More Risk, and More International Doug Hodge has a "renewal" plan for Pimco [profile], and the focus is on products and locales that are outside Pimco's old focus.
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. Printed from: MFWire.com/story.asp?s=53042 Copyright 2015, InvestmentWires, Inc. All Rights Reserved |
