Pimco Inflows Are ‘Stunning’ This Year, Allianz Chief Says
- Firm attracted about €20 billion in first six weeks of year
- Clients pulled much money during global bond rout in 2022
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Pacific Investment Management Co. attracted about €20 billion ($21.6 billion) in third-party money in the first six weeks of 2024, approaching the level for the entire year before.
The bond giant had an “absolutely stunning” development this year, Oliver Baete, chief executive officer of Pimco parent Allianz SE, said in an interview Friday.