PIMCO

GLOBAL - The European rescue package has provided an out for long-term investors that had underestimated credit risk in their European sovereign holdings, PIMCO managing director and head of European portfolio management Andrew Balls said.

The European rescue package has provided long-term investors with the opportunity to sell their sovereign debt holdings, PIMCO says.

Charlotte Moore surveys the impact of the financial crisis on the corporate bond market

EUROPE - The €750bn (US$970bn) European rescue package is a positive short-term fix, but does not provide the structural changes needed to make pension funds and other investors fully comfortable with European sovereign credit, asset managers said.

EUROPE - The €750bn (£642bn) European rescue package is a positive short-term fix, but does not provide the structural changes needed to make pension funds and other investors fully comfortable with European sovereign credit, asset managers say.

US - Demand for custom target date funds among trustees of DC schemes in the US is on the rise, an influential survey of pension consultants showed.

SWEDEN - AP7's Premium Savings and Premium Choice funds both bounced back last year after a torrid 2008.

GLOBAL - Pension funds are questioning the efficacy of traditional liability driven investment (LDI) strategies as the indices used to construct the strategies proved to be too backward-looking, Pacific Investment Management Co. (PIMCO) chief executive...

US - Denver-based asset manager Janus Capital Group has hired Richard Weil from rival PIMCO as its chief executive officer.

Denver-based asset manager Janus Capital Group has hired Richard Weil from rival Pimco as its chief executive officer.