Deals and People December 7, 2009

PIMCO Announces Key New Hires

December 7, 2009 (PLANSPONSOR.com) – PIMCO has announced Anne Gudefin and Charles Lahr will join the asset management company as executive vice presidents and Global Equities Portfolio Managers, and Neel Kashkari will join the firm as a managing director and head of New Investment Initiatives.

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At PIMCO, Gudefin and Lahr will focus on establishing and managing global equity investment strategies based on a “deep value” style approach, according to the announcement. They will be based in PIMCO’s London and New York offices, respectively. Lahr’s first day at PIMCO is December 7, and Gudefin will begin in early January 2010.

Kashkari will be based in the firm’s Newport Beach office, and will help direct the firm’s expansion into new investment initiatives, including its equities business. He will be a senior member of the firm’s Executive Office and work closely with PIMCO’s portfolio management, business management, and client-facing groups. Kashkari’s first day at PIMCO is December 14.

Gudefin and Lahr come to PIMCO from the Mutual Series Group of Franklin Templeton Investments where they were co-Portfolio Managers for the Franklin Mutual Global Discovery Fund. Kashkari served until May 2009 as Assistant Secretary of the Treasury, where he led the Office of Financial Stability. He was previously at Goldman Sachs.

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