Pimco, is currently under investigation by the US Securities and Exchange Commission in regards to the ways in which it has been pricing investments. The well-known investment firm is the largest bond-fund manager in the world, with approximately $2 TN in assets. According to the Wall Street Journal, the investigation is discerning whether or not the bond company boosted returns at its $3.6 BN Pimco Total Return, run by founder Bill Gross.
A spokesperson for Pimco states,
Pimco has been cooperating with the SEC in this nonpublic matter, and we take our regulatory obligations and responsibilities to our clients very seriously. We believe our pricing procedures are entirely appropriate and in keeping with industry best practices.”
The investigation comes on the heels of tough times for the company in the last year, struggling with outflows this year due to low interest rates.
Read more here- “Pimco Under Investigation by SEC,” (Alanna Petroff and Jesse Solomon, CNN Money)
Olivia is a graduate of Villanova University where she studied Economics and History, minoring in Gender and Women's Studies. She also has experience working with federal legislatures on health care policy, women's issues, and Internet safety.