PIMCO Portfolio Managers Dan Ivascyn and Alfred Murata to Join PIMCO Diversified Income Strategy
Award-Winning Team Joins Curtis Mewbourne and Eve Tournier as Co-Managers on Diversified Income: Mr. Mewbourne to Retire Sept. 30th After 17 Years at the Firm
NEWPORT BEACH, CA–(Marketwired – May 26, 2016) – PIMCO, a leading global investment management firm, has announced additions to the portfolio management team of PIMCO Diversified Income, a suite of actively managed fixed income strategies which invests across credit and emerging market bond sectors and serves as a complement to traditional core bond holdings. The PIMCO Diversified Income Fund (PDIIX) received the Lipper award for Best Multi-Sector Income Fund over 10 years in both 2015 and 2014 and Best Multi-Sector Income Fund over five years in 2012.
PIMCO’s Group Chief Investment Officer and Portfolio Manager, Dan Ivascyn and Alfred Murata, Managing Director and Portfolio Manager, will join Curtis Mewbourne, Managing Director and Portfolio Manager and Eve Tournier, Executive Vice President and Head of European Credit Portfolio Management, as co-managers on the strategy. Mr. Mewbourne will retire from PIMCO at the end of September after a 17-year career at the firm.
Mr. Ivascyn and Mr. Murata were named Morningstar’s 2013 U.S. Fixed Income Fund Managers of the Year for their management of the PIMCO Income Fund, which like the PIMCO Diversified Income Fund, is part of PIMCO’s successful income suite of strategies that seek to deliver strong returns over multi-year periods.
“In the current environment of low yields and high volatility, strategies that seek capital preservation and consistent, sustainable income over different market cycles and economic environments help clients meet their long-term investment objectives,” said Mr. Ivascyn. “The ability to access a broad diversified set of opportunities with an emphasis on flexibility and risk management is key.”
Mr. Mewbourne, who worked for Salomon Brothers and Lehman Brothers prior to joining PIMCO, has managed institutional accounts and mutual funds across a wide range of strategies during his tenure with the firm. He has also made important leadership contributions to the growth of the firm’s emerging markets, insurance and diversified income businesses and held leadership positions in executive and portfolio management teams, including the New York trade floor. The funds he managed received several Lipper awards for investment performance in various strategies and he was nominated for Morningstar’s U.S. Fixed Income Manager of the Year in 2010.
“Curtis has made invaluable contributions to the firm throughout his career at PIMCO and we wish him all the best for his planned retirement later this year,” said Mr. Ivascyn.
“PIMCO is an amazing place. It has been truly a privilege to work with some of the most talented and hard working professionals in the industry,” said Mr. Mewbourne.
Mr. Ivascyn and Mr. Murata will also be co-managing the PIMCO Floating Income Fund (PFIIX) and the PIMCO Diversified Income Active Exchange-Traded Fund (DI) along with Mr. Mewbourne and Ms. Tournier. All of these portfolio management responsibilities are effective immediately.
Dan Ivascyn is Group Chief Investment Officer and a managing director in the Newport Beach office. He is lead portfolio manager for the firm’s income strategies and credit hedge fund and mortgage opportunistic strategies. He is a member of PIMCO’s Executive Committee and a member of the Investment Committee. Morningstar named him Fixed-Income Fund Manager of the Year (U.S.) for 2013. Prior to joining PIMCO in 1998, he worked at Bear Stearns in the asset-backed securities group, as well as T. Rowe Price and Fidelity Investments. He has 24 years of investment experience and holds an MBA in analytic finance from the University of Chicago Graduate School of Business and a bachelor’s degree in economics from Occidental College.
Alfred T. Murata
Mr. Murata is a managing director and portfolio manager in the Newport Beach office on the mortgage credit team. Morningstar named him Fixed-Income Fund Manager of the Year (U.S.) for 2013. Prior to joining PIMCO in 2001, he researched and implemented exotic equity and interest rate derivatives at Nikko Financial Technologies. He has 16 years of investment experience and holds a Ph.D. in engineering-economic systems and operations research from Stanford University. He also earned a J.D. from Stanford Law School and is a member of the State Bar of California.
Ms. Tournier is an executive vice president in the London office and head of pan-European credit portfolio management. Prior to joining PIMCO in 2008, she was a managing director and European head of high yield credit trading with Deutsche Bank in London. Previously, she worked in credit derivatives trading at Deutsche Bank and at JPMorgan in New York. She has 17 years of investment experience and holds a master’s degree in operations research and financial engineering from Cornell University and an undergraduate degree from Ecole Centrale de Lyon.
PIMCO is a leading global investment management firm, with 13 offices in 12 countries throughout North America, Europe and Asia. Founded in 1971, PIMCO offers a wide range of innovative solutions to help millions of investors worldwide meet their needs. Our goal is to provide attractive returns while maintaining a strong culture of risk management and long-term discipline. PIMCO is owned by Allianz S.E., a leading global diversified financial services provider.