Ivascyn generates big returns for Pimco Income Fund not sound bites
Dan Ivascyn
NEW YORK (Reuters) - Dan Ivascyn  the group chief investment officer at Pacific Investment Management Co (Pimco)  eschews making big  splashy investment or market calls  unlike his legendary predecessor  Bill Gross.
âIt is never only one person â  Ivascyn  said in an interview  about investment ideas and fresh strategies. âEven those who use âIâ a lot have very good teams that do the heavy-lifting.â
Pimco Income  overseen by  Ivascyn  and managing director and portfolio manager Alfred Murata  is No. 1 in its category with annualized returns of 9.14 percent over the last 10 years ended Feb. 26. Over the same period annualized  the Pimco Income fund has surpassed the benchmark Bloomberg Barclays U.S. Aggregate Bond index by 3.74 percentage points.
 Ivascyn  said Newport Beach  California-based Pimco still makes big  bold economic and investment calls but there is no burning desire to publicize them as Gross did.
âThese concepts lead to great sound bites but have very little impact on actually making money for clients â  Ivascyn  said.
NEW YORK (Reuters) -  [TGT]   the group chief investment officer at Pacific Investment Management Co (Pimco)  eschews making big  splashy investment or market calls  unlike his legendary predecessor  Bill Gross.
âIt is never only one person â  Ivascyn  said in an interview  about investment ideas and fresh strategies. âEven those who use âIâ a lot have very good teams that do the heavy-lifting.â
Pimco Income  overseen by  Ivascyn  and managing director and portfolio manager Alfred Murata  is No. 1 in its category with annualized returns of 9.14 percent over the last 10 years ended Feb. 26. Over the same period annualized  the Pimco Income fund has surpassed the benchmark Bloomberg Barclays U.S. Aggregate Bond index by 3.74 percentage points.
 Ivascyn  said Newport Beach  California-based Pimco still makes big  bold economic and investment calls but there is no burning desire to publicize them as Gross did.
âThese concepts lead to great sound bites but have very little impact on actually making money for clients â  Ivascyn  said.