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:

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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