PIMCO

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

Retrieved on: 
Thursday, March 7, 2024

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

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

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.

Allianz Digital Transformation Strategy Analysis Report 2023: Innovation Programs, Technology Initiatives, Estimated ICT Budget, Major ICT Contracts - ResearchAndMarkets.com

Retrieved on: 
Wednesday, January 24, 2024

This report provides insight into Allianz's fintech activities, including its digital transformation strategies, its innovation programs, its technology initiatives, its estimated ICT budget, and its major ICT contracts.

Key Points: 
  • This report provides insight into Allianz's fintech activities, including its digital transformation strategies, its innovation programs, its technology initiatives, its estimated ICT budget, and its major ICT contracts.
  • Allianz, a provider of global insurance and asset management services, offers life insurance and property and casualty insurance products under the Allianz and Euler Hermes brands.
  • Allianz offers a wide range of products, services, and solutions in asset management.
  • It connects all the companies under the Allianz Group around the world, to provide an engaging digital customer experience.

Golub Capital Bolsters U.S. and Global Institutional Sales Team with Key Hires

Retrieved on: 
Thursday, January 18, 2024

Golub Capital today announced that Andrea Picard will be joining the Firm as Co-Head of Global Institutional Sales in March.

Key Points: 
  • Golub Capital today announced that Andrea Picard will be joining the Firm as Co-Head of Global Institutional Sales in March.
  • Andrea will join Michele Joyeux as Co-Head of Global Institutional Sales - a combination that will bring together Golub Capital’s long history of nurturing win-win investor relationships with fresh perspective to raise the bar further.
  • “We are excited to have Andrea join the Firm,” said Craig Benton, Senior Managing Director, Head of the Investor Partners Group at Golub Capital.
  • “This is another key milestone in our multi-year plan to expand and evolve the Investor Partners Group to provide enhanced global coverage and specialized teams for different investor segments.”
    “I am thrilled to be joining Golub Capital and look forward to further expanding the Firm’s U.S. and global investor base,” said Andrea Picard, Co-Head of Global Institutional Sales at Golub Capital.

Aristotle Pacific Capital Further Expands Investment Team

Retrieved on: 
Wednesday, January 17, 2024

Aristotle Pacific Capital, LLC (“Aristotle Pacific”), a leader in liquid credit investments, announced the further expansion of its investment team with the appointment of two seasoned investment professionals.

Key Points: 
  • Aristotle Pacific Capital, LLC (“Aristotle Pacific”), a leader in liquid credit investments, announced the further expansion of its investment team with the appointment of two seasoned investment professionals.
  • Norvruz (Novi) Bashirov joined Aristotle Pacific as Managing Director, Portfolio Manager & Senior Research Analyst and Partha Bose, CFA, joined as a Senior Research Analyst.
  • View the full release here: https://www.businesswire.com/news/home/20240117064412/en/
    “Given the current opportunities in the corporate credit landscape and wide demand for our strategies, expanding our investment team with seasoned professionals broadens our ability to provide more value to our clients,” said Dominic Nolan, Chief Executive Officer of Aristotle Pacific.
  • Prior to joining Rimrock Capital, he co-managed funds at Barings’ Emerging Markets Corporate Group and managed Emerging Markets portfolios at PIMCO.

The William, Jeff & Jennifer Gross Family Foundation Donates More Than $18 Million to Non-Profits in 2023

Retrieved on: 
Tuesday, January 9, 2024

The $465 million-asset Gross Family Foundation – among the largest private foundations in Orange County -- continued its support of five general categories of organizations that directly impact the people and communities in which they serve, whether locally in California, or globally in developing nations: healthcare; education and the arts; global development and humanitarian relief; the environment; and community support.

Key Points: 
  • "Jennifer, Jeff and I are pleased to continue our tradition of giving to organizations that provide immeasurable benefits to the communities they serve," said Mr.
  • Gross, a philanthropist, author and the co-founder of Newport Beach-based, fixed income asset manager PIMCO.
  • Gross established the PIMCO Foundation, which has since expanded to three global PIMCO Foundations that have granted more than $49 million to support nonprofit organizations worldwide.
  • The following non-profits received donations of more than $1 million from the William, Jeff & Jennifer Gross Family Foundation in 2023:

PIMCO Names Mohit Mittal Chief Investment Officer - Core Strategies

Retrieved on: 
Tuesday, December 12, 2023

NEWPORT BEACH, Calif., Dec. 12, 2023 (GLOBE NEWSWIRE) -- PIMCO, a global leader in active fixed income with deep expertise across public and private markets, has named Mohit Mittal, Managing Director and Portfolio Manager, as Chief Investment Officer – Core Strategies.

Key Points: 
  • NEWPORT BEACH, Calif., Dec. 12, 2023 (GLOBE NEWSWIRE) -- PIMCO, a global leader in active fixed income with deep expertise across public and private markets, has named Mohit Mittal, Managing Director and Portfolio Manager, as Chief Investment Officer – Core Strategies.
  • Mr. Mittal will report to Dan Ivascyn, Managing Director and Group Chief Investment Officer.
  • Mr. Mittal is a Managing Director and Chief Investment Officer – Core Strategies based in the Newport Beach office.
  • As CIO of Core strategies, Mr. Mittal has leadership and oversight responsibilities for strategies across our Low and Moderate Duration, Total Return, and Long Duration strategy suite.

PIMCO Names Sung-Hee Suh as Global General Counsel

Retrieved on: 
Thursday, November 30, 2023

NEWPORT BEACH, Calif., Nov. 30, 2023 (GLOBE NEWSWIRE) -- PIMCO, a global leader in active fixed income with expertise across public and private markets, has named Sung-Hee Suh as Global General Counsel.

Key Points: 
  • NEWPORT BEACH, Calif., Nov. 30, 2023 (GLOBE NEWSWIRE) -- PIMCO, a global leader in active fixed income with expertise across public and private markets, has named Sung-Hee Suh as Global General Counsel.
  • David joined PIMCO as Global General Counsel in 2006, after prior roles as General Counsel and Chief Operating Officer of PIMCO’s parent Allianz Asset Management of America and before that as a partner at the global law firm of Latham & Watkins, specializing in M&A where he first represented PIMCO in its 1994 spinoff from Pacific Life.
  • Sung-Hee Suh is a Managing Director in the Newport Beach office and PIMCO’s General Counsel for Global Regulatory and Litigation.
  • David Flattum is a Managing Director and Global General Counsel of PIMCO, based in Newport Beach, California.

PIMCO Dynamic Income Strategy Fund (PDX) Notes Effectiveness of Certain Previously-Announced Changes

Retrieved on: 
Wednesday, November 22, 2023

NEW YORK, Nov. 21, 2023 (GLOBE NEWSWIRE) --  Previously announced changes to the name, ticker symbol, investment objectives and guidelines, and portfolio manager lineup for PIMCO Dynamic Income Strategy Fund (the “Fund) became effective today.

Key Points: 
  • NEW YORK, Nov. 21, 2023 (GLOBE NEWSWIRE) --  Previously announced changes to the name, ticker symbol, investment objectives and guidelines, and portfolio manager lineup for PIMCO Dynamic Income Strategy Fund (the “Fund) became effective today.
  • Pacific Investment Management Company LLC (“PIMCO”), the investment manager of the Fund, expects that the changes will reduce the Fund’s focus on investments linked to the energy sector in favor of a primarily income-oriented objective and broader, multi-sector credit mandate, which PIMCO believes has the potential to strengthen secondary market demand for the Fund’s common shares.
  • For additional information, including a summary of the Fund’s revised investment objectives and principal investment strategies, please refer to the Form 8-K filed by the Fund on September 22, 2023, which is available on the EDGAR Database on the SEC’s Internet site at http://www.sec.gov.
  • For        more        information        about        the        Fund,        please        see        the        Fund’s        website        at: https://www.pimco.com/en-us/investments/closed-end-funds/dynamic-income-....