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Allianz hit by outflows from Pimco fund arm

Financial Times LogoFinancial Times1w ago

Allianz hit by outflows from Pimco fund arm

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Pimco and its peers are trying to navigate an environment where the highest level of inflation in a generation is eroding the value of their bond holdings.

Pimco’s chief executive Emmanuel Roman and chief investment officer Daniel Ivascyn have shifted into alternative strategies to diversify the fund manager.

The group’s property and casualty division posted strong results owing to a lower bill from natural catastrophe claims and rising commercial insurance prices.


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Article Details

Author / Journalist: Harriet Agnew

Category: MarketsFinanceInvesting

Topics: Bond Reported Profit Management Pimco Allianz Market Manager Group’s Investors Financial

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-08-05, 09:28:43

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Reading Time: 3 minutes read

Article Length: 519 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 114173

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About Financial Times

Financial Times Logo

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 14 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 14h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

News Language: English

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Publisher ID: #3

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