Friday, 26 December 2014
Last updated 2 days 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.