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PIMCO expands global equity platform with launch of long/short fund

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PIMCO, a leading global investment management firm, has launched the PIMCO EqS Long/Short Fund, an actively managed equity strategy that broadens the firm’s global equities platform.

The fund deploys extensively researched stock selection in rising equity markets and seeks to preserve investors’ capital during extended market declines. It is managed by Geoffrey Johnson, an Executive Vice President and equity portfolio manager based in the firm’s Newport Beach office.

Bear markets have cut stock indexes in half twice in the past 12 years, and global macroeconomic events continue to create challenges for equity portfolios. The PIMCO EqS Long/Short Fund aims to provide investors with the benefit of long-term stock ownership while seeking to preserve capital when markets turn bearish by pulling back to cash or selectively shorting securities. The fund seeks to build a concentrated portfolio of stocks focusing on those companies with what we believe are strong brands, significant cash flow and attractive growth prospects.

"When PIMCO sees bullish equity market conditions, we will favour long positions in a concentrated number of stocks selected by a rigorous research process," says Johnson. "This fund is a high-conviction, long-biased strategy that we believe will provide superior, risk-adjusted returns over a full market cycle."

"Geoffrey Johnson is a seasoned portfolio manager and he has been managing this strategy successfully for almost 10 years," says Neel Kashkari (pictured), a Managing Director and PIMCO’s Head of Global Equities. "The launch of this fund continues the measured and deliberate build out of our equities platform, focusing exclusively on those strategies where we believe we can add value for our investors."

Institutional shares of the PIMCO EqS Long/Short Fund trade under the ticker symbol PMHIX. Additional shares include "P" shares (PMHBX), "A" shares (PMHAX), "D" shares (PMHDX) and "C" shares (PMHCX).

 

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