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Next Recession Will Bring 'a Lot Of Opportunity,' Pimco Ceo Says

by fa-mag.com posted 8months ago 34 views
Pacific Investment Management Co. is prepping for the next downturn, betting high-fee private funds can turbocharge its growth. The firm, widely known for its publicly traded bond funds, is floating a private variation of Chief Investment Officer Dan Ivascyn’s $113 billion Pimco Income Fund, according to people with knowledge of the proposal. The vehicle would restrict redemptions, unlike Pimco’s largest mutual fund, while carrying lower risk than most of its other private funds, said the people, who asked not to be identified because the information isn’t public.

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