The Pacific Investment Management Company (PIMCO) has confirmed the forthcoming departure of its global equities chief investment officer Virginie Maisonneuve.
Maisonneuve joined PIMCO as head of equities, from UK investment manager Schroders at the start of 2014.
When founder Bill Gross sensationally quit in September 2014, Maisonneuve was named as one of the 12 key directors that would maintain stability in the business.
As chief investment officer, global equities, Maisonneuve introduced weekly meetings for team leaders to share ideas and attempted to build the group’s equity strategies around four areas: deep value, dividends, long/short and emerging markets.
Bloomberg today (14 May 2015) reported that Pimco will now liquidate its emerging multi-asset fund, Eqs Emerging Markets Fund and Eqs Pathfinder Fund.
The Trade had requested sight of the ‘holding statement’ at the time of writing, but had not received it at the time of publication.
A statement was released to Bloomberg, however, in which Douglas Hodge, Pimco’s chief executive officer, said the business is ‘evolving’ its approach and would be continuing with its dividend and long/short strategies.
Maisonneuve will be managing the transition before her departure.