PIMCO


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AcronymDefinition
PIMCOPortsea Island Mutual Co-Operative Society (UK)
PIMCOPacific Investment Management Company
References in periodicals archive ?
But in monthly and annual reports to investors, PIMCO provided other, misleading reasons for the ETF's early success and failed to disclose that the resulting performance from the odd lot strategy was not sustainable as the fund grew in size," the SEC states.
Andrew Ceresney, director of the SEC's Division of Enforcement, noted in a statement that PIMCO "misled investors about the true long-term impact of its odd lot strategy and denied them the opportunity to make fully informed investment decisions" about the Total Return ETF.
By blindly relying on the vendor's price for round lots without any reasonable basis to believe it accurately reflected what the fund would receive if it sold the odd lots, PIMCO overstated the Total Return ETF's net asset value (NAV) by as much as 31 cents," the order states.
In a statement on its website, PIMCO said that it is "pleased to have resolved the BOND ETF matter with the SEC.
PIMCO agreed to be censured and consented to the SEC's order without admitting or denying the findings that the firm violated Sections 206(2) and 206(4) of the Investment Advisers Act of 1940, Rules 206(4)-7 and 206(4)-8, and Section 34(b) of the Investment Company Act of 1940.
She will develop and manage globally the execution of all IDC initiatives at the firm for PIMCO Women, PIMCO PRIDE, PIMCO Veterans, PIMCO Parents, and Flex@PIMCO.
Shah, who has been with PIMCO for the nine years, has most recently served as an executive vice president in the Institutional Account Management team in the Newport Beach office.
PIMCO is a global investment management firm that offers a wide range of innovative solutions to investors worldwide.
The boards of trustees of nine closed-end management investment companies, PIMCO Municipal Income Fund (NYSE:PMF), PIMCO California Municipal Income Fund (NYSE:PCQ), PIMCO New York Municipal Income Fund (NYSE:PNF), PIMCO Municipal Income Fund II (NYSE:PML), PIMCO California Municipal Income Fund II (NYSE:PCK), PIMCO New York Municipal Income Fund II (NYSE:PNI), PIMCO Municipal Income Fund III (NYSE:PMX), PIMCO California Municipal Income Fund III (NYSE:PZC) and PIMCO New York Municipal Income Fund III (NYSE:PYN) approved the common dividends, the companies declared on Monday.
The boards of trustees of PIMCO Corporate & Income Strategy Fund (NYSE:PCN), PIMCO Corporate & Income Opportunity Fund (NYSE:PTY), PIMCO Global StocksPLUS & Income Fund (NYSE:PGP), PIMCO High Income Fund (NYSE:PHK), PIMCO Income Opportunity Fund (NYSE:PKO), PIMCO Strategic Global Government Fund Inc (NYSE:RCS), PCM Fund Inc (NYSE:PCM), PIMCO Income Strategy Fund (NYSE:PFL), PIMCO Income Strategy Fund II (NYSE:PFN), PIMCO Dynamic Income Fund (NYSE:PDI) and PIMCO Dynamic Credit Income Fund (NYSE:PCI), closed-end management investment companies authorised their monthly common dividends, the company reported on Monday.
Closed-end management investment companies PIMCO Municipal Income Fund (NYSE:PMF), PIMCO Municipal Income Fund II (NYSE:PML), PIMCO Municipal Income Fund III (NYSE:PMX), PIMCO California Municipal Income Fund (NYSE:PCQ), PIMCO California Municipal Income Fund II (NYSE:PCK), PIMCO California Municipal Income Fund III (NYSE:PZC), PIMCO New York Municipal Income Fund (NYSE:PNF), PIMCO New York Municipal Income Fund II (NYSE:PNI), and PIMCO New York Municipal Income Fund III (NYSE:PYN) on Thursday named Joe Deane as portfolio manager for each, with immediate effect.
The boards of trustees of closed-end management investment companies PIMCO Corporate Income Fund (PCN) (NYSE:PCN), PIMCO Corporate Opportunity Fund (PTY) (NYSE:PTY), PIMCO Global StocksPLUS & Income Fund (PGP) (NYSE:PGP), PIMCO High Income Fund (PHK) (NYSE:PHK), PIMCO Income Opportunity Fund (PKO) (NYSE:PKO), PIMCO Strategic Global Government Fund Inc (RCS) (NYSE:RCS), PCM Fund Inc (PCM) (NYSE:PCM), PIMCO Income Strategy Fund (PFL) (NYSE:PFL) and PIMCO Income Strategy Fund II (PFN) (NYSE:PFN) announced on Wednesday dividends on the Funds' common shares.