Dan Ivascyn's Global Credit Opportunity fund has lost money in 2019 - Business Insider

This story requires our BI Prime membership. To read the full article,The Global Credit Opportunity Fund is PIMCO's flagship hedge fund, and runs more than $3 billion.

The fund is run by Dan Ivascyn, the chief investment officer of the bond giant, and Jon Horne, a managing director at the firm. The fund has made money in four of the last five years. The flagship of Pacific Investment Management Company's hedge fund suite has dropped by more than 14% this year, according to several sources.

The Global Credit Opportunity fund had managed to avoid losing money for several years. Last year, when the average fund lost money, the flagship fund returned nearly 9%. The only year since 2014 that the fund hasn't finished with positive returns was 2017, when it broke even. Another fund in the firm's hedge fund suite, Tactical Opportunities, is up nearly 6% for the year. It's managed by a team including Ivascyn, managing director Josh Anderson, and managing director Alfred Murata.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Holly Willoughby's husband Dan Baldwin's production company wins awardHolly Willoughby and her husband Dan Baldwin made an exciting announcement over the weekend. The This Morning host shares three children with the TV producer
Source: hellomag - 🏆 24. / 68 Read more »

Hugh Grant says a Boris Johnson government is a 'terrifying prospect' - Business InsiderHugh Grant is going door-to-door to persuade Brits against the 'terrifying prospect' of a Boris Johnson government I’d love to see him at my door I hope he’s doing it with a sign, like in that scene from Love Actually. He's right. To all the people who think they'd be safe under a BoJo majority, you will not be safe. The people who are fighting to stop your rights being taken away have already been stripped of theirs. Whatever issues you have with Corbyn, society can't cope with a BoJo majority
Source: BusinessInsider - 🏆 729. / 51 Read more »