PIMCO, a US-based investment management firm, is panning to launch a range of new equity funds.
Managed by co-CIO Virginie Maisonneuve and head of corporate bonds Mark Keisel, the first fund will be a combination of credit and equity product, according o Investment Week.
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The other ranges of funds might include global growth, global long/short, and small cap.
Additionally, Maisonneuve will manage her own global growth fund similar to her mandate at Schroders.
Maisonneuve said that the firm will recruit small teams of managers and analysts in weak areas but will not make any large-scale acquisition to expand into in the equity space.
"We are very excited about a product I have wanted to do for a number of years – a hybrid product where we go and say ‘we like company X, do we want the equity or the bond.
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By GlobalData"I want each of the products to maintain their identity. We are not going to add five teams at the same time, but I will not do things like ask value managers to become growth managers, "Maisonneuve added.
