In the Margins

PIMCO's alts funds a bright spot for bond firm

October 8, 2015

By BloombergBusiness

PIMCO has built an alternative investments funds business focused on real estate and distressed debt over the past 10 years, creating a bright spot in the firm's quest for profitability and growth. The Newport Beach, Calif., firm has more than $24 billion in hedge funds and private equity funds that are sold only to institutional investors. They have become increasingly attractive as the 30-year bond rally comes to an end. Read the original story from BloombergBusiness