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.

 

 

 

Most Read

10 Things
10 Things...to read in summer 2025

It's officially summertime, which means FBV's annual Summer Reading List is here. We curate the list each year by soliciting recommendations from our readers and friends ...

Top of the Agenda - Governance
ASA board enlarged, timeline to AGM unclear

ASA Gold and Precious Metals Ltd. shareholders voted at a special meeting last week to enlarge the closed-end fund's board and elected a fifth independent director, one ...