Tags: Pimco | fund | manager | bonds

Pimco Hires Former Moore Capital Manager Fahmi for Fixed Income

Monday, 18 August 2014 01:20 PM

Pacific Investment Management Co., the firm that oversees $1.97 trillion including the world’s biggest bond fund, hired Mohsen Fahmi from Moore Capital Management LLC to focus on global fixed-income assets.

Fahmi, who was a senior portfolio manager at Moore and previously its chief operating officer, will be a managing director and generalist portfolio manager at Newport Beach, California-based Pimco, according to a statement today. He’ll start Sept. 2 and report to Deputy Chief Investment Officer Mihir Worah.

Pimco has been adding money managers after the abrupt resignation of co-chief investment officer Mohamed El-Erian this year sparked the biggest management overhaul in the firm’s history. Co-founder Bill Gross, who became sole chief investment officer after El-Erian’s departure, appointed six investment deputies in January and has reiterated that Pimco is committed to shifting from a U.S.-oriented bond firm to a diversified asset manager.

“The breadth of his experience and his passion for investing will serve our clients well,” Mihir Worah, Pimco’s deputy chief investment officer, said of Fahmi in the statement.

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Pimco, fund, manager, bonds
Monday, 18 August 2014 01:20 PM
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