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PIMCO Dynamic Credit Income Fund makes portfolio manager change


Daniel J Ivascyn is to join the portfolio management team of the PIMCO Dynamic Credit Income Fund.

Marc P Seidner will no longer be a portfolio manager for the fund.
Alfred T Murata, Mark R Kiesel, Elizabeth MacLean and Sai S Devabhaktuni will continue as portfolio managers on the team along with Ivascyn.
Murata will replace Seidner as lead portfolio manager primarily responsible for the day-to-day management of the fund. He, along with Ivascyn, is a co-manager for the PIMCO Dynamic Income Fund (PDI).
Ivascyn is a managing director and a deputy chief investment officer at PIMCO. He is a member of the firm's executive committee and head of its mortgage credit portfolio management team. He joined PIMCO in 1998 and has 20 years of investment experience. He was previously in the asset-backed securities group at Bear Stearns.
Allianz Global Investors Fund Management serves as the fund's investment manager and retains PIMCO as its sub-adviser. 

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