Pimco Hires Devir After He Took Harvard Endowment Position

Pacific Investment Management Co., the manager of the world’s biggest bond fund, hired John Devir for its credit-analyst team, after he accepted a position as a managing director at Harvard University’s endowment.

Devir has joined Pimco as an executive vice president, Mark Porterfield, a spokesman for the Newport Beach, California, fund company, confirmed yesterday in an e-mail. Devir was set to begin this month at Harvard Management Co., where he would have been in charge of developed-market stocks at the world’s richest school, the Cambridge, Massachusetts, university said in May.