FYI: Pacific Investment Management Co. had about $5 billion in third-party inflows last month, almost as much as in the entire fourth quarter, suggesting the turnaround at the bond manager owned by Allianz SE is gathering steam.
Allianz said Thursday that Pimco had its second consecutive quarter of inflows in the final three months of last year, and the highest operating profit since the third quarter of 2014. That trend accelerated this year, Allianz Chief Financial Officer Dieter Wemmer said Friday.
Regards,
Ted
http://www.fa-mag.com/news/pimco-s-turnaround-gathers-pace-with--5-billion-in-january-31431.html?print
