Pimco faces SEC probe

Related Content Related Video Related Articles

California-based investment manager Pimco has confirmed that it is being investigated by the Securities and Exchange Commission (SEC), the firm is accused of having artificially boosted the performance of its  Pimco Total Return ETF.

The $3.6bn ETF fund is managed by Pimco’s founder, managing director and CIO Bill Gross (pictured).

The SEC is investigating whether Pimco has bought assets at a lower price than stated in the valuations to calculate its holdings, creating a misleading impression of the funds performance, the Wall Street Journal reported.

A Pimco spokesperson confirmed the reports, stressing that the firm has cooperated with the SEC on the matter.

The investigation comes at a challenging time for Pimco, as investors have withdrawn almost $70bn from Pimco’s flagship £221bnTotal Return Fund over the last year.



The Fund Selector Forum Italy 2014 takes place on 5 November 2014 at the Four Seasons Hotel in Milan.

Click here for further details and to register: http://www.investmenteurope.net/event/2014-fund-selector-forum/

To connect with peers before the event visit:https://www.linkedin.com/groups?home=&gid=7497832



Close Window
View the Magazine

You need to fill all required fields!