Allianz's Giant Bond Manager Pimco Is Struggling to Attract New Money

PIMCO, a major bond manager, is facing challenges in attracting new investments due to poor bond market performance and industry dynamics. The company is shifting focus towards alternative assets like real estate and private credit, which require active management and offer higher fees. Despite some recovery in the first quarter, investor sentiment remains cautious, with a preference for passive strategies. PIMCO aims to remain competitive by emphasizing active strategies in alternative assets.

What strategic shift is PIMCO making in response to its current challenges?

• Focusing more on alternative assets

• Increasing bond investments

• Reducing fees on all products

• Expanding into cryptocurrency

What was the impact of last year's bond market performance on PIMCO?

• Stable investments

• Significant outflows

• New partnerships

• Increased inflows

What is a key concern for investors regarding bond flows?

• The rise of cryptocurrency

• The balance between passive and active strategies

• The impact of climate change

• The growth of the tech sector

Why are alternative assets like real estate and private credit attractive to PIMCO?

• They can be managed passively

• They have lower management costs

• They allow for higher fees

• They are less risky

What is a potential advantage of active strategies in alternative assets?

• Less regulatory oversight

• Lower fees

• Higher returns

• Easier management