PIMCO

PIMCO Hires Giorgio Cocini as Managing Director

Retrieved on: 
Friday, March 22, 2024
Bank of America, Growth, Goldman Sachs, Bank, Insurance, PIMCO, Bocconi University

NEWPORT BEACH, Calif., March 22, 2024 (GLOBE NEWSWIRE) -- PIMCO, one of the world’s premier fixed income investment managers with deep expertise in public and private markets, has appointed Giorgio Cocini as a Managing Director in a new position overseeing PIMCO’s business in Italy, France and Iberia.

Key Points: 
  • NEWPORT BEACH, Calif., March 22, 2024 (GLOBE NEWSWIRE) -- PIMCO, one of the world’s premier fixed income investment managers with deep expertise in public and private markets, has appointed Giorgio Cocini as a Managing Director in a new position overseeing PIMCO’s business in Italy, France and Iberia.
  • He will report to Craig Dawson, Managing Director and PIMCO’s Head of Europe, Middle East and Africa.
  • Prior to this, he was the bank’s Co‐head of EMEA Financial Institutions Investment Banking and was a Managing Director in Goldman Sachs’ Financial Institutions Group.
  • “Giorgio will be an outstanding addition to our EMEA business leadership, bringing to PIMCO a deep understanding of European financial markets,” said Emmanuel Roman, Managing Director and PIMCO’s Chief Executive Officer.

PIMCO Announces 2024 Managing Directors

Retrieved on: 
Monday, March 18, 2024
Boston University, California Institute of Technology, Goldman Sachs, Business, State Bar of California, University, Statistics, Morgan Stanley, Doctor of Philosophy, Investment, PIMCO, Latham & Watkins, Economics, Barclays, Management

NEWPORT BEACH, Calif., March 18, 2024 (GLOBE NEWSWIRE) -- PIMCO, a global leader in active fixed income with deep expertise across public and private markets, is pleased to share the promotion of the officers of the firm to Managing Director.

Key Points: 
  • NEWPORT BEACH, Calif., March 18, 2024 (GLOBE NEWSWIRE) -- PIMCO, a global leader in active fixed income with deep expertise across public and private markets, is pleased to share the promotion of the officers of the firm to Managing Director.
  • “Embodying PIMCO’s core values while exhibiting integrity and excellence are qualities we look for in our Managing Director group.
  • The following officers have been promoted to Managing Director with these objectives in mind:
    Mr. Sharif is a managing director and Co-Head of PM Analytics in the Newport Beach office.
  • Prior to joining PIMCO in 2011, he was a vice president in quantitative analytics at Barclays Capital.

Certain PIMCO Closed-End Funds Announce Tender Offers for Auction Rate Preferred Shares

Retrieved on: 
Tuesday, March 12, 2024
New York Stock Exchange, Letter, Exchange, ARPS, Security (finance), Tender offer, Tender, PIMCO, Fund, Cryptocurrency

Each Fund's Tender Offer will expire at 5:00 P.M., New York City Time, on April 12, 2024, unless the Tender Offer is extended.

Key Points: 
  • Each Fund's Tender Offer will expire at 5:00 P.M., New York City Time, on April 12, 2024, unless the Tender Offer is extended.
  • Each Fund’s Tender Offer is conditioned on certain conditions as set forth in the Tender Offer Documents.
  • ARPS holders should read these documents and related exhibits for the applicable Fund as the documents contain important information about each Fund’s Tender Offer.
  • Any questions regarding the Tender Offers can be directed to the Funds’ Information Agent, EQ Fund Solutions, LLC, at (877) 478-5044.

Aptus Capital Advisors Announces Addition of Brian Jacobs, CFA, and Brett Bennett, CFA

Retrieved on: 
Wednesday, March 13, 2024
Asset Management, Professional Services, Human Resources, Finance, Bentley University, Butter, Documentation, Growth, ETF, Columbia Business School, Research, Acquisition, University, MBA, RIAS, CFA, Pennsylvania State University, PIMCO, Investment, Management

Aptus Capital Advisors (Aptus) is pleased to welcome Brett Bennett, CFA and Brian Jacobs, CFA to its investment team.

Key Points: 
  • Aptus Capital Advisors (Aptus) is pleased to welcome Brett Bennett, CFA and Brian Jacobs, CFA to its investment team.
  • Brett Bennett, CFA , focuses on portfolio reviews and fund due diligence at Aptus.
  • Brett and Brian bring unique expertise in helping advisors not only build more thoughtful portfolios, but also enhance their client experience.
  • We’re looking forward to leveraging the skills of our expanding team to better serve advisors and their clients in 2024 and beyond.”
    For more information about Aptus Capital Advisors, please visit: https://aptuscapitaladvisors.com/

Best-Performing Fund Brands in Europe and Globally According to the 2024 Broadridge Fund Brand 50 Report

Retrieved on: 
Tuesday, March 26, 2024
Communication, ETF, Schroders, ESG, BlackRock, Investment, Robeco, Solidity, PIMCO, Fund, Movement, Bank

LONDON, March 26, 2024 /PRNewswire/ -- The latest edition of Broadridge's Fund Brand 50 (FB50), an annual research study by global Fintech leader Broadridge Financial Solutions, Inc. (NYSE:BR) was released today, highlighting the world's best-performing third-party asset management brands. The study reveals that cautious European investors put the squeeze on the asset management industry – parking cash in bank savings accounts and money market funds – and scrutinising asset manager credentials like never before. As slowing growth colours global economic forecasts in 2024, fund groups need to play to their strengths and flex their brand attributes to compete in a saturated market that cannot sustain the current levels of competition.

Key Points: 
  • The big story is that 2023 was a bad year for ESG in Europe.
  • Broadridge interviews with fund selectors suggest that this may be overexaggerated, as ESG still constitutes a major consideration in investment decision-making.
  • But firms are undeniably more skeptical and subject asset manager credentials to greater scrutiny to validate a firm's ESG bona fides.
  • A webinar is scheduled for March 27, 2024 at 2 PM GMT / 10 AM ET / 10 PM HKT to reveal the top asset management brands in each region.

Betterment for Advisors Adds Mutual Funds to Custom Portfolios

Retrieved on: 
Thursday, March 21, 2024
Retirement, Adviser, PIMCO, T. Rowe Price, RIA, Fidelity, Vanguard, RIAS, ETF, Betterment, Financial adviser

NEW YORK, March 21, 2024 /PRNewswire/ -- Betterment, the largest independent digital financial advisor, today announced that Betterment for Advisors, its RIA custody division, is adding thousands of mutual funds to its custom portfolio construction menu for the first time.

Key Points: 
  • NEW YORK, March 21, 2024 /PRNewswire/ -- Betterment, the largest independent digital financial advisor, today announced that Betterment for Advisors , its RIA custody division, is adding thousands of mutual funds to its custom portfolio construction menu for the first time.
  • "Betterment for Advisors is laser-focused on delivering a holistic platform that includes flexible portfolio options for RIAs across retirement and wealth," said Tom Moore, head of Betterment for Advisors.
  • "Adding mutual funds has long been advisors' top request, and we are thrilled to be able to offer this capability."
  • With this update financial advisors can now combine mutual funds and ETFs in their custom models on the Betterment for Advisors platform.

UNDER ARMOUR ANNOUNCES LEADERSHIP TRANSITION

Retrieved on: 
Wednesday, March 13, 2024
University of Cambridge, Growth, Allianz, Financial Times, Chairperson, University, Private sector, Bloomberg L.P., Athlete, Real-time, UAA, Queens' College, Cambridge, International Monetary Fund, PIMCO, Bangladesh Technical Education Board, Lauder, Marketing, Plank, Lead, Management

BALTIMORE, March 13, 2024 /PRNewswire/ -- Under Armour, Inc. (NYSE: UA, UAA) today announced that Kevin Plank will become President & Chief Executive Officer, effective April 1, 2024. Plank will succeed Stephanie Linnartz, who will be stepping down as President & Chief Executive Officer and member of the Board. In connection with Plank's appointment, Dr. Mohamed A. El-Erian, an independent director since 2018 and Lead Director since 2020, will become the non-executive Chair of the Board. Plank, who will transition from Executive Chair of the Board, will remain a director. Linnartz will remain an advisor to the company through April 30, 2024.

Key Points: 
  • Plank, who will transition from Executive Chair of the Board, will remain a director.
  • "On behalf of the full team, I want to thank Stephanie for her contributions to Under Armour.
  • "During her tenure, she strengthened the leadership team with executive hires in critical areas, including product, design, supply chain, consumer connectivity, and regional management.
  • Plank founded Under Armour in 1996, and since then, he has been the driving force behind its innovative products and brand.

Raji Manasseh Joins Aristotle Capital Management as a Managing Director, Client Portfolio Manager

Retrieved on: 
Thursday, March 7, 2024
Asset Management, Professional Services, Finance, Senior, Multimedia, PIMCO, Bachelor of Science, Goldman Sachs, CFA, FINRA, Wheaton College, Head, Security (finance)

Aristotle Capital Management, LLC (“Aristotle”) today announced an addition to its investment team by appointing Raji Manasseh, CFA, as a Managing Director, Client Portfolio Manager.

Key Points: 
  • Aristotle Capital Management, LLC (“Aristotle”) today announced an addition to its investment team by appointing Raji Manasseh, CFA, as a Managing Director, Client Portfolio Manager.
  • Mr. Manasseh will serve as a primary liaison between the Aristotle Capital Management investment team and its clients and prospects.
  • View the full release here: https://www.businesswire.com/news/home/20240307611643/en/
    Raji Manasseh, Managing Director, Client Portfolio Manager at Aristotle Capital Management (Photo: Business Wire)
    “We are thrilled to welcome Raji to Aristotle,” said Ms. Llinás.
  • Prior to joining PIMCO, he served as Client Portfolio Manager at Goldman Sachs Asset Management (GSAM) for fundamental U.S. growth equity.

Seth Coulson, CFA, Joins DoubleLine as Institutional Relationship Manager in Central U.S.

Retrieved on: 
Friday, March 1, 2024
Jeffrey Gundlach, PIMCO, Agency, CFA, State Street, University, Business administration, University of Wisconsin–La Crosse, Midwestern United States

TAMPA, Fla., March 1, 2024 /PRNewswire/ -- Seth Coulson, CFA, has joined DoubleLine Capital as a Relationship Manager for institutional investors and investment consulting firms in the Midwestern United States.

Key Points: 
  • TAMPA, Fla., March 1, 2024 /PRNewswire/ -- Seth Coulson, CFA, has joined DoubleLine Capital as a Relationship Manager for institutional investors and investment consulting firms in the Midwestern United States.
  • Mr. Coulson is based at DoubleLine's Los Angeles offices and reports to Ryan Hart, Director, Institutional, Global Relationship Management.
  • Prior to PIMCO, Mr. Coulson worked at State Street IMS in Irvine, Calif., where he led the allocations process for PIMCO's Agency mortgage-backed securities trades.
  • Mr. Coulson holds a Master of Business Administration, University of Southern California Marshall School of Business, Los Angeles, and a Bachelor of Science in Business Administration, Finance Major/Spanish Minor, University of Wisconsin-La Crosse.

Fannie Mae Announces the Results of its Thirtieth Reperforming Loan Sale Transaction

Retrieved on: 
Tuesday, February 13, 2024
OTCQB, BPO, Sale, Fannie Mae, PIMCO, UPB, Auction

WASHINGTON, Feb. 13, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced the results of its thirtieth reperforming loan sale transaction.

Key Points: 
  • WASHINGTON, Feb. 13, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced the results of its thirtieth reperforming loan sale transaction.
  • The terms of Fannie Mae's reperforming loan sale require the buyer to offer loss mitigation options to any borrower who may re-default within five years following the closing of the reperforming loan sale.
  • All purchasers are required to honor any approved or in-process loss mitigation efforts at the time of sale, including forbearance arrangements and loan modifications.
  • Fannie Mae will also post information about specific pools available for purchase on that page.