Pimco strengthens real estate division

Pimco has appointed former Morgan Stanley executive Paul Vosper to the specially created role of executive vice-president and real estate strategist. Paul Vosper will manage the firm's 49-strong real estate team and report to Jennifer Bridwell, managing director and global head of Pimco’s alternative products division. At Morgan Stanley, he served in a number of roles, most recently co-head and chief operating officer for the firm’s Alternative Investment Partners arm. A spokesperson for the firm said his experience there of creating customised solutions for both institutional and private clients was important. Prior, he was head of client relations for Europe, the Middle East and Africa for Deutsche Bank, and a managing director in AllianceBernstein’s real estate investing division. Pimco manages around $9 billion (€8.1 billion) in real estate investments globally, representing over two fifths of the firm’s alternative investments. The appointment is part of an ongoing recruitment drive at Pimco, which has seen over 130 new staff hired globally this year. Earlier this month, the firm made two new appointments to its troubled emerging markets division. Despite falling fortunes since the departure of Bill Gross, Pimco continues to manage assets of $1.5 trillion, as of December 31, 2015. ©2016 funds europe

Executive Interviews

INTERVIEW: Put your money where your mouth is

Jun 10, 2016

At Kempen Capital Management, they believe portfolio managers should invest in their own funds. David Stevenson talks to Lars Dijkstra, CIO of the €42 billion manager.

EXECUTIVE INTERVIEW: ‘Volatility is the name of the game’

May 13, 2016

Axa Investment Managers chief executive officer, Andrea Rossi, talks to David Stevenson about bringing all his firm’s subsidiaries under one name and the opportunities that a difficult market...


ROUNDTABLE: Beyond the hype

Oct 13, 2016

The use of smart beta investing continues to grow. Our panel, made up of both providers and users, discusses what the strategy actually means, how it should be used and the kind of pitfalls that may arise when using this innovative investment technique.

MIFID II ROUNDTABLE: Following the direction of travel

Sep 07, 2016

Fund management firms Aberdeen and HSBC Global meet with specialist providers to speak about how the industry is evolving towards MiFID II.