In the Margins

PIMCO cuts staff, moves some assets

June 17, 2016

By The Wall Street Journal

PIMCO has eliminated 68 people and is handing over management of some of its equity assets to Newport Beach, Calif.-based Research Affiliates as part of a cost-cutting plan, according to an internal memo sent Thursday. The majority of the staff affected were in operations, technology and client-facing roles. Read the original story from The Wall Street Journal.