Allianz’ PIMCO Helps Boost Insurer’s Q2 Profit

Allianz SE got a boost from bond giant Pimco in the second quarter as its main insurance businesses felt the pinch of low interest rates. Pacific Investment Management Co. attracted 23 billion euros ...

Allianz’s PIMCO Plans Job Cuts After Asset Drop

Pacific Investment Management Co. plans to cut its workforce by 68 people, or about 3 percent, and offer buyouts as assets under management have fallen since the September 2014 departure of Bill ...