Pacific Investment Management Co. Archives

Allianz’s PIMCO, Others, Sue 16 Big Banks In U.S., Alleging Currency Market Rigging

A group of large institutional investors including BlackRock Inc and Allianz SE's Pacific Investment Management Co has sued 16 major banks, accusing them of rigging prices in the roughly $5.1 ...

AIG to Appeal California Ruling Allowing PIMCO Suit to Proceed

American International Group Inc. failed to persuade a judge to throw out a lawsuit by Pacific Investment Management Co. over investments that were wiped out because of the insurer's exposure to ...

U.S. Investors Closely Monitoring Allianz’s PIMCO

Several U.S. institutional investors said they are closely monitoring the developments at PIMCO, the world's largest bond firm, in the wake of Mohamed El-Erian's abrupt resignation as CEO and ensuing ...

Allianz CEO: Expanding Pimco Equity Tougher Than Expected

Michael Diekmann, whose Allianz SE owns Bill Gross's Pacific Investment Management Co., said a plan by the bond-fund manager to expand into equities is proving harder than expected. Pimco's stock ...