PIMCO Continues Shifting Subadviser Mandates In-House

PIMCO has removed Research Affiliates from the equity portion of a fund after developing its own quant strategy to manage it, echoing a situation with Parametric from earlier in the summer. FUSE Research founder Neil Bathon said the latest change does not yet indicate the beginning of an in-sourcing trend, as it may simply be driven by performance concerns.

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Article published on September 1, 2021