MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, January 30, 2013 Have Gross and El-Erian Found Their Next Kashkari? There may be a new chief calling the equities shots at Pimco [profile], at least for now. Kirsten Grind of Dow Jones reports that, according to an unnamed source, the Newport Beach, California-based mutual fund giant and Allianz subsidiary has picked its own Marc Seidner to serve as interim head of global equities, even as Pimco searches for someone to fill the role on a more permanent basis. Bloomberg, Pensions & Investments and Reuters published similar reports. Last week Neel Kashkari, Pimco's current head of global equities and the former chief of the U.S. Treasury's famous Troubled Asset Relief Program (TARP), told the Wall Street Journal that he was leaving Pimco for a life in California politics. Pimco, a fixed income titan that boasts the world's biggest bond mutual fund, hired Kashkari in 2009 to push into equities investing. Seidner also joined Pimco in 2009. He currently serves as a managing director and generalist PM. Printed from: MFWire.com/story.asp?s=42858 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |