Friday, 27 March 2015
Last updated 53 min ago
Sep 29 2011 | 10:55am ET
Pacific Investment Management Co., one of the world's largest asset managers, has named Jennifer Bridwell to build its hedge fund business.
Bridwell was appointed head of alternatives product development at the $1.3 trillion firm. PIMCo has been aggressively adding hedge funds and distressed-debt funds to its traditional bond products in recent years.
Bridwell had been head of mortgage strategies development at PIMCo, a role she will continue in. She has been with the firm since 2005.
"PIMCo has built over a number of years a large and very successful alternatives business that includes hedge funds and private strategies," Douglas Hodge, chief operating officer, said. "Jennifer's deep knowledge and experience in the alternatives space will enable us to marshal the full range of PIMCo's resources to develop and manage investment solutions that deliver value to our clients."
PIMCo has about $16 billion in alternative investment assets.
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…