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PIMCO Nabs Top Mutual Series Duo

PIMCO's previously announced move into equity investing started with a bang.


On Monday PIMCO, the shop known for its bond expertise, announced three new hires, including Anne Gudefin and Charles Lahr, who will join the firm as portfolio managers for global equities.

The pair comes from the Mutual Series Group of Franklin Templeton Investments, where they were comanagers of the  Mutual Global Discovery Fund (TEDIX). That fund is home to $16 billion, and each runs additional billions of dollars, so the change is certainly notable.

The third addition, Neel Kashkari, resigned in May from his post as a U.S. Treasury Department interim assistant secretary for financial stability in charge of the government's $700 billion TARP rescue program. He joins PIMCO as the firm's head of new investment initiatives.

Bridget B. Hughes does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.