PIMCO

PIMCO has brought its new active equity strategy to the UK with the launch of the PIMCO EqS Pathfinder Fund and the PIMCO EqS Pathfinder Europe Fund.

UK/EUROPE - PIMCO has brought its new active equity strategy to the UK with the launch of the PIMCO EqS Pathfinder Fund and the PIMCO EqS Pathfinder Europe Fund.

GLOBAL - The European Central Bank will have to "engage in de facto fiscal policy" if the region's authorities wish to avoid a sovereign bankruptcy, according to Paul McCulley, a managing director at Pacific Investment Management Co.

Pension fund managers could have been forgiven for feeling like the worst had passed when the industry emerged from 2009, though it appears the glow of recovery was merely a reprieve.

GLOBAL - The European rescue package has provided an out for long-term investors that had underestimated credit risk in their European sovereign holdings, PIMCO managing director and head of European portfolio management Andrew Balls said.

The European rescue package has provided long-term investors with the opportunity to sell their sovereign debt holdings, PIMCO says.

Charlotte Moore surveys the impact of the financial crisis on the corporate bond market

EUROPE - The €750bn (US$970bn) European rescue package is a positive short-term fix, but does not provide the structural changes needed to make pension funds and other investors fully comfortable with European sovereign credit, asset managers said.

EUROPE - The €750bn (£642bn) European rescue package is a positive short-term fix, but does not provide the structural changes needed to make pension funds and other investors fully comfortable with European sovereign credit, asset managers say.

US - Demand for custom target date funds among trustees of DC schemes in the US is on the rise, an influential survey of pension consultants showed.