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Nine PIMCO closed-end funds announce portfolio manager addition


Nine PIMCO closed-end funds have added David Hammer as co-Portfolio Manager, sharing responsibilities with current Portfolio Manager Joseph Deane.

The funds in question are PIMCO Municipal Income Fund (PMF), PIMCO Municipal Income Fund II (PML), PIMCO Municipal Income Fund III (PMX), PIMCO California Municipal Income Fund (PCQ), PIMCO California Municipal Income Fund II (PCK), PIMCO California Municipal Income Fund III (PZC), PIMCO New York Municipal Income Fund (PNF), PIMCO New York Municipal Income Fund II (PNI), and PIMCO New York Municipal Income Fund III (PYN) 

Hammer is an Executive Vice President and Municipal Bond Portfolio Manager based in New York. He first joined PIMCO in 2012 as a Senior Vice President. In 2014, he joined Morgan Stanley as Managing Director, Head of Municipal Trading and Research, responsible for institutional and retail municipal trading, risk management and municipal credit research. Hammer re-joined PIMCO in 2015. Prior to first joining PIMCO in 2012, he was an Executive Director at Morgan Stanley, where he served as head of the high yield and distressed municipal bond trading group. Hammer holds a Bachelor's Degree from Syracuse University.

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