Economics
Pimco Hires Three From Thornburg; Kashkari Will Run Stocks
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Pacific Investment Management Co. hired two managers and an analyst from Thornburg Investment Management and named Neel Kashkari head of global equities as it builds its stock funds.
Brad Kinkelaar, who left Thornburg at the end of 2008, will reunite with that firm’s Cliff Remily and Matt Burdett to start a Pimco strategy focusing on global dividend-paying stocks, the Newport Beach, California-based firm said today in a statement. Kashkari, who was hired in December 2009, will lead the equity portfolio committee that brings together the firm’s global research.