Sign up today and take advantage of member-only content — the kind of timely, cutting edge industry insight that only Money Management Executive can deliver.
  • Exclusive Online Only Content
  • Free Daily Email News Alerts
  • Asset Management Blogs

Gerken Replaces Treadway As Chair of PIMCO Funds

At a special stockholders' meeting of three PIMCO funds last month, Salomon Brothers Asset Management assumed all management of the Emerging Markets Floating Rate Fund, Global Partners Fund and Municipal Partners Fund II.

Following the agreement, the three funds announced the resignation of Stephen J. Treadway, managing director and CEO of PIMCO Advisors, as co-chairman of the funds' boards and the appointment of former co-chairman R. Jay Gerken as chairman.