PME appoints PIMCO to run e500m bond brief

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UK/NETHERLANDS - The e14bn Bedrijfstakpensioenfonds Metalektro (PME) has hired PIMCO to run a e500m short-term bond mandate.

Paul McCulley, managing director and portfolio manager of PIMCO’s short-term strategy, will manage the mandate against a three month $Libor benchmark. PIMCO’s short-term strategies adhere to les...

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