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...

New ‘golden route’ to value in 2014 markets / The Edge cites End of IPOs

New ‘golden route’ to value in 2014 markets / The Edge cites End of IPOs By Amanda Lang, Presenter at CBC The Lang & O’Leary Show. Spinoffs are the “new golden route to value” for both investors and the companies involved, according to Ryan Mendy, COO of the New York-based firm, which has been involved in more than 200 spinoffs. “Investors are very interested in this situation because you do have that unlocking value that comes from companies forming a better strategy, that’s ultimately more in line with their more interested shareholders,” said Mendy. He estimates $2 trillion US… Click here to see the full TV...