Bill Gross has reached a $81 million settlement of his lawsuit against Pacific Investment Management Co (Pimco), ending a long two and a half year drama over the well-known bond investor's abrupt departure from the investment management giant, Reuters reported earlier today. Gross and Pimco said in a joint statement the settlement was "amicable," and…
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Investment management giant Pacific Investment Management Co (PIMCO) has announced that Kimberley Stafford, Managing Director and current Global Head of PIMCO's Consultant Relations Group, has been named the new Head of Asia-Pacific. Ms. Stafford will assume her responsibilities immediately and will relocate to Hong Kong mid-year. She will report to PIMCO's Chief Executive Officer, Emmanuel…
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The U.S. Securities and Exchange Commission (SEC) has announced that investment management firm Pacific Investment Management Company (PIMCO) agreed to retain an independent compliance consultant and pay nearly $20 million (including a penalty of more than $18 million) to settle charges that it misled investors about the performance of one its first actively managed exchange-traded…
Read moreETFGI, the research and consultancy firm on trends in the global ETF/ETP ecosystem, has reported assets invested in active ETFs/ETPs listed globally reached a new record high US$38.19 billion at the end of June 2016, according to data from ETFGI’s June 2016 global Active ETF and ETP industry insights report. Record levels of assets were also…
Read moreExpands use to support KYC, AML, tax, credit and legal agreements
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