PIMCo Adds Three To Alts. Unit

Jun 28 2012 | 3:27am ET

Mutual fund giant Pacific Investment Management Co. is beefing up its alternative investments unit with a trio of hires.

The Newport Beach, Calif.-based firm, which manages about $16 billion in alternatives, has added Molly Hall, Neal Reiner and Jennifer Strickland. Reiner will serve as product manager for credit alternative strategies, while Hall and Strickland will serve as senior alternatives specialists.

"Our clients are looking for blue-chip managers who can consistently deliver value with an intense focus on managing downside risk," Jennifer Bridwell, head of alternatives at PIMCo since September, said. "Neal, Molly and Jennifer together have deep alternatives investment experience and will further enhance PIMCO's team of experienced and highly specialized alternatives investment professionals."

Hall joins PIMCo from Canyon Capital Advisors. Reiner was formerly with Gottex Fund Management and Strickland with BlueMountain Capital Management and HBK Capital Management.

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