Tuesday, 31 March 2015
Last updated 6 hours ago
Feb 10 2006 | 10:09pm ET
Fixed-income fund manager PIMCO has named former Assistant U.S. Treasury Secretary Richard Clarida as executive vice president and global strategic advisor. Clarida, who joins PIMCO from hedge fund firm Clinton Group Investment Advisors, served in the Bush administration from 2001 to 2003. He has also served as chair of the economics department at Columbia University, where he will continue to teach.
In his new role at PIMCO, he will be based in New York and be responsible for providing global macro economic analysis, investment ideas and research to the investment committee and the firm's clients.
PIMCO also made two other appointments to its U.S. offices this week, naming Andrew Balls, former chief U.S. correspondent to The Financial Times, as a senior vice president and strategist in the firm's Newport Beach, Calif., office.
PIMCO also named Edward Devlin, who joins from Lehman Brothers' London office, as a senior vice president and a portfolio manager in the Newport Beach office.
All three new hires will report to Bill Powers, PIMCO managing director, senior portfolio manager and investment committee member.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…