PIMCO

US - The California Public Employees' Retirement System will nearly halve its allocation to AllianceBernstein's international bond mandate and PIMCO's high yield mandate in response to market conditions. The pension fund also plans to sell US$8bn in fixed...

Giovanni Legorano looks at how pension funds' approach to portable alpha has had to evolve

Giovanni Legorano looks at how pension funds' approach to portable alpha has had to evolve

Giovanni Legorano explores the outlook for the ABS market, and the need for pension funds to take a long-term view while retaining an awareness of the short-term volatility of the market