Asset Management

Pimco inflows help parent Allianz reach record year for new money

Strong year for US fund manager Pimco, whose recovery following the high-profile departure of Bill Gross began in late 2016

Pimco inflows help parent Allianz reach record year for new money

A strong fourth quarter for Pimco took third-party net inflows during 2017 to €144bn, as the US fund manager continued a turnaround started late the prior year.

The new money contributed to a record year for external inflows at parent company Allianz's asset management unit, which comprises Pimco and Allianz Global Investors.

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