Pimco’s New Investment Chief Bears Little Resemblance to Bill Gross

Dan Ivascyn, successor to Pimco co-founder Bill Gross as the firm’s investment chief, is overseeing what is characterized in a recent Wall Street Journal article as “a new direction taken by the California money manager as it recovers from the most tumultuous period in its history.” Gross resigned from Pimco in September of 2014 in the wake of much unrest. The article explains, “Hundreds of billions in client money followed Mr. Gross out of Pimco,”… Read More

New Manager at Pimco is Paying Off

The Pimco Income Fund, managed by Dan Ivascyn, has returned 10.6% over the past 12 months alone and, according to last week’s Bloomberg, investor money is “pouring in at pace unseen by any other actively-managed stock or bond  fund” (according to data compiled by Bloomberg and Morningstar). The fund overtook Pimco Total Return Fund (once the world’s largest) which was run by Ivascyn’s predecessor Bill Gross. According to the article, however, Ivacsyn’s star was on… Read More