In the Margins

PIMCO turnaround gathering steam

February 17, 2017

By Bloomberg

PIMCO 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 is gathering steam. Parent Allianz SE said 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. Read the original story from Bloomberg.