Pimco: a manager for all seasons
John Wilson
Longevity, experience and the ability to generate returns in virtually all market cycles helped Pimco Australia win the fixed interest (diversified) category of the Money Management/IMCA Fund Manager of the Year Awards 2007 for the second consecutive year.
Pimco’s Australian executive vice-president John Wilson described the company as the “global fixed interest manager for all seasons”.
“We may not be the most exciting bunch of guys to have a drink with … but we understand how to generate returns in all sorts of market environments, having lived through a number of market cycles, and have significant capacities and skills across every aspect of the global bond market”.
The company openly embraces its fixed interest specialisation as a point of difference.
“From the day we were founded, we have remained focused exclusively on fixed interest … there is nothing diverting us from our mission of creating returns for investors,” Wilson said.
He pointed to this well-known fixed interest specialty as a key driver attracting top talent and a further measure of its success, along with its sophisticated technology platform.
“We have significant capacities and skills across every aspect of the global bond market.”
Runners up for the fixed interest (diversified) category are Credit Suisse Asset Management and ING Investment Management.
ING Investment Management senior portfolio manager for fixed income Greg Michel attributed ING’s success in this space to its dynamic asset allocation process and specialist investment team.
“Global connectivity and credit specialisation with a team of 10 domestic fixed income professionals (including four credit specialists) and access to over 100 investment professionals dedicated to purely credit analysis, security research and investment [sets us apart from our competition],” he said.
“The global team includes 21 high yield and emerging market specialists and 18 loans specialists.
“Basically it gives us the scope to target the best global credit investment opportunities.”
Recommended for you
Infrastructure assets are well-positioned to hedge against global uncertainty and can enhance the diversification of traditional portfolios with their evergreen characteristics, an investment chief believes.
Volatility in US markets means currency is becoming a critical decision factor in Australian investors’ ETF selection this year.
Clime Investment Management is overhauling the selection process for its APLs, with managing director Michael Baragwanath describing the threat of a product failure affecting clients as “pure nightmare fuel”.
Global X will expand its ETF range of exchange-traded funds next month with a low-cost Australian equity product as it chases ambitions of becoming a top issuer of ETFs in Australia.
