Pimco has hired Marc Seidner as a managing director and portfolio manager.
Seidner will return to the firm in a new role as Chief Investment Officer—Non-traditional Strategies and head of Portfolio Management in the New York office, as well as a member of Pimco’s Investment Committee. He will begin on November 12th and will report to Daniel Ivascyn, Group Chief Investment Officer.
Seidner, who was a senior portfolio manager at Pimco from 2009 to 2014, will work closely with Ivascyn on the oversight of several non-traditional investment teams. In addition, he will assume generalist portfolio management responsibilities as part of his new role.
In his previous role at Pimco, Seidner was a member of the Pimco Investment Committee and managed a range of portfolios that included Pimco total return separate accounts.
Additionally, Curtis Mewbourne, current head of the firm’s NY Portfolio Management group, will return to the firm’s Newport Beach office as a senior member of the firm’s portfolio management team. He will continue in his role as head of the Insurance, Diversified Income and Sector Fund Separate Account teams, and will assume additional responsibilities when he returns to Newport Beach in mid-2015.
Group CIO Ivascyn said: “Marc is a talented, highly experienced investor with broad market expertise and a deep knowledge of Pimco, and his return will further enhance our global investment platform.” Mr. Ivascyn continued: “Marc will be able to seamlessly contribute to our investment process and efforts on behalf of Pimco’s clients. We are very pleased that he is returning to Pimco in a senior portfolio management role.”
Seidner added: “I look forward to returning to Pimco and becoming a member of the firm’s portfolio management team, which is one of the deepest in the investment management industry.” Mr. Seidner continued: “This new role provides me a unique opportunity to again contribute to Pimco’s success while also enabling my family and me to remain based on the east coast.”