Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
Support MFO
Donate through PayPal
PIMCO Expands Presence In Equity Space With Six New Funds
FYI: After the tumult that followed the high-profile departure of co-founder and former “bond king” Bill Gross, PIMCO has bled assets from its fixed-income business, its traditional stronghold. The outflows have been so severe that CEO Douglas Hodge sent a recent 27-page letter to the Financial Stability Board to let them know that the $50 billion in redemptions did not pose a systemic risk to the economy. Regards, Ted http://dailyalts.com/pimco-expands-presence-equity-space-six-new-funds/
