PIMCO Launches UCITS Version Of Credit Fund

Nov 14 2011 | 7:26am ET

Mutual fund giant Pacific Investment Management Co. has launched a UCITS-compliant version of its Credit Absolute Return Fund, a hedge fund-like product investing in bonds.

The Dublin-based vehicle has been added to the firm’s Global Investor Series (hence the handle, PIMCO GIS Credit Absolute Return Fund). It is managed, as is the original fund, by Mark Kiesel, a managing director and global head of corporate bond portfolio strategy.

PIMCO’s GIS range now comprises 44 sub-funds with US$82 billion under management as of September 30, 2011. The funds offer daily liquidity and exposure to a broad range of asset classes, from global and regional core fixed income funds, through credit portfolios, to asset allocation and alternative solutions.

Newport Beach, Calif.-based PIMCO has over US$185 billion of assets managed or serviced out of Europe and more than US$1.35 trillion worldwide.


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Future of Private Equity: New Opportunities, New Challenges

Feb 3 2017 | 6:41pm ET

The private equity industry’s astonishing rebound since the financial crisis has...

 

From the current issue of