asset manager Pimco News

Pimco to Pay $20 Million to Settle Charges It Misled Investors

Pacific Management Investment Co. (Pimco) will pay $20 million to settle charges it misled investors about the performance of a top exchange-traded fund it manages, U.S. regulators said on Thursday. The Securities and Exchange Commission’s settlement with Pimco, a unit …

Shareholders Seek Clues to Allianz’s Plan for Pimco from New CEO

Allianz shareholders will see new CEO Oliver Baete installed on Wednesday and will be eager for any clues about his strategy for Europe’s largest insurer – and how he plans to improve the prospects of its asset manager Pimco. California-based …

Allianz Poised to Reappoint Diekmann as CEO, but Considering Successors

Allianz is poised to reappoint Michael Diekmann as chief executive in October, investors believe, possibly delaying tough choices on whether Europe’s largest insurer expands its global presence or returns more cash to shareholders. The German group has grown to become …