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Pacific Investment Management Company (PIMCO) to stop the flow of capital out of the customer's momentum, which gives the company's new chief executive Roman (Manny Roman) provides a more stable platform for the reconstruction.
PIMCO said on Friday that the inflow of funds to its investors outflow of funds than the size of the first quarter of more than three years, this happens. Over three years of net capital outflows, billions of assets went to rivals, and the company slashed some 3 percent of its workforce. PIMCO is an affiliate of Allianz's major investment bonds.
A lot of money is in 2014, founder of PIMCO, well-known bond investor Gross retired after the withdrawal. Gross still sued PIMCO in a US court demanding compensation of $ 200 million from PIMCO.
Allianz said in its earnings report that net new inflows to PIMCO totaled 4.7 billion euros ($ 5.11 billion) in the three months to September.
Allianz's chief financial officer, Dieter Wemmer, said in a media conference call that the company would have a good performance in the second half of the year as PIMCO also recorded a net inflow of funds in October.
Together with investment income, new net inflows helped PIMCO manage the growth of third-party funds by 1% to just over 1 trillion euros ($ 1.09 trillion), offsetting negative exchange rate movements.
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