Friday, 24 October 2014
Last updated 1 hour ago
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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...