Pimco could withstand extra $300-$350 bln outflows over 2 yrs -Morningstar, The Edge calls Spinoff

Pimco could withstand extra $300-$350 bln outflows over 2 yrs -Morningstar, The Edge calls Spinoff By Jennifer Ablan, Editor, US Investments at Reuters. Pimco is struggling to stem redemptions after the unexpected departure of co-founder Bill Gross on Sept. 26, an event that has triggered another round of speculation in the bond market over leadership stability and a possible separation from its parent Allianz SE. Ryan Mendy, chief operating officer of the Edge Consulting Group, a research firm that focuses solely on spinoffs and special situations, said the outflows and organizational changes are weighing on Pimco’s brand. “We still maintain a...

Pimco offers special bonuses in wake of Bill Gross exit / The Edge advises Management to Spinoff Pimco

Pimco offers special bonuses in wake of Bill Gross exit / The Edge advises Management to Spinoff Pimco By Jennifer Ablan, Editor, US Investments at Reuters.  Gross’ exit, eight months after his top deputy Mohamed El-Erian quit amid acrimony, has triggered another round of speculation in the bond market over leadership stability and accelerating outflows from Pimco. The Edge Consulting Group, a research firm that focuses solely on spinoffs and special situations, said on Friday that a split or spinoff of Pimco from Allianz is not out of the question. The Edge said it would be “beneficial for the Allianz investors and Pimco investors as… Continue...