By Dow Jones Business News,
July 11, 2014, 06:25:00 PM EDT
Pacific Investment Management Co. said its assets under management were $1.97 trillion at the end of the second
quarter, up from $1.94 trillion at March 31, attributing the increase to market performance and alpha generation.
The firm said third-party client assets accounted for $1.55 trillion of the $1.97 trillion total at June 30.
Pimco said 81% of its assets under management have outperformed their benchmarks on a trailing 12-month basis, and 86%
have outperformed their benchmarks on a trailing 3-year basis before fees.
The Wall Street Journal reported last month that the $229 billionPimco Total Return Fund, the world's largest bond
fund, was outpacing two-thirds of rival funds in the second quarter, according to Morningstar Inc. data, a big
improvement from the first quarter.
Investors have kept a close eye on Pimco since Mohamed El-Erian left his positions as chief executive and co-chief
investment officer of the Newport Beach, Calif., firm earlier this year. The Wall Street Journal reported in February
that Mr. El-Erian had clashed with co-founder Bill Gross.
In May, Pimco rehired former senior executive Paul McCulley for the newly created post of chief economist.
Pimco is part of Germany'sAllianz SE.
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