June 14, 2012 08:30 ET

PIMCO Expands Global Equity Platform With Launch of Long/Short Fund

Global Active Equity Strategy That Aims to Balance Capital Appreciation With Capital Preservation

NEWPORT BEACH, CA--(Marketwire - Jun 14, 2012) - PIMCO, a leading global investment management firm, has launched the PIMCO EqS Long/Short Fund, an actively managed equity strategy that broadens the firm's global equities platform. The fund deploys extensively researched stock selection in rising equity markets and seeks to preserve investors' capital during extended market declines. It is managed by Geoffrey Johnson, an Executive Vice President and equity portfolio manager based in the firm's Newport Beach office.

Bear markets have cut stock indexes in half twice in the past 12 years, and global macroeconomic events continue to create challenges for equity portfolios. The PIMCO EqS Long/Short Fund aims to provide investors with the benefit of long-term stock ownership while seeking to preserve capital when markets turn bearish by pulling back to cash or selectively shorting securities. The fund seeks to build a concentrated portfolio of stocks focusing on those companies with what we believe are strong brands, significant cash flow and attractive growth prospects.

"When PIMCO sees bullish equity market conditions, we will favor long positions in a concentrated number of stocks selected by a rigorous research process," said Mr. Johnson. "This fund is a high-conviction, long-biased strategy that we believe will provide superior, risk-adjusted returns over a full market cycle."

"Geoffrey Johnson is a seasoned portfolio manager and he has been managing this strategy successfully for almost 10 years," said Neel Kashkari, a Managing Director and PIMCO's Head of Global Equities. "The launch of this fund continues the measured and deliberate build out of our equities platform, focusing exclusively on those strategies where we believe we can add value for our investors."

Institutional shares of the PIMCO EqS Long/Short Fund trade under the ticker symbol PMHIX. Additional shares include "P" shares (PMHBX), "A" shares (PMHAX), "D" shares (PMHDX) and "C" shares (PMHCX).

PIMCO is a leading global investment management firm, with offices in 11 countries throughout North America, Europe and Asia. Founded in 1971, PIMCO offers a wide range of innovative solutions to help millions of investors worldwide meet their needs. Our goal is to provide attractive returns while maintaining a strong culture of risk management and long-term discipline. PIMCO is owned by Allianz S.E., a leading global diversified financial services provider.

Investors should consider the investment objectives, risks, charges and expenses of the funds carefully before investing. This and other information are contained in the fund's prospectus and summary prospectus, if available, which may be obtained by contacting your financial advisor or PIMCO representative, by visiting or by calling (888)87-PIMCO. Please read them carefully before you invest or send money.

A word about risk: Equities may decline in value due to both real and perceived general market, economic and industry conditions. Investments in value securities involve the risk the market's value assessment may differ from the manager and the performance of the securities may decline. Investing in securities of smaller capitalization and mid-capitalization companies tend to be more volatile and less liquid than securities of larger companies. Investing in foreign denominated and/or domiciled securities may involve heightened risk due to currency fluctuations, and economic and political risks, which may be enhanced in emerging markets. Currency rates may fluctuate significantly over short periods of time and may reduce the returns of a portfolio. High-yield, lower-rated, securities involve greater risk than higher-rated securities; portfolios that invest in them may be subject to greater levels of credit and liquidity risk than portfolios that do not. Entering into short sales includes the potential for loss of more money than the actual cost of the investment, and the risk that the third party to the short sale may fail to honor its contract terms, causing a loss to the portfolio. Derivatives may involve certain costs and risks such as liquidity, interest rate, market, credit, management and the risk that a position could not be closed when most advantageous. Investing in derivatives could lose more than the amount invested. The Fund is non-diversified, which means that it may invest its investments in a smaller number of issuers than a diversified fund.

This material has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission of PIMCO. ©2012, PIMCO

PIMCO advised funds are distributed by PIMCO Investments LLC.

Except for the historical information and discussions contained herein, statements contained in this news release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, including the performance of financial markets, the investment performance of PIMCO's sponsored investment products and separately managed accounts, general economic conditions, future acquisitions, competitive conditions and government regulations, including changes in tax laws. Readers should carefully consider such factors. Further, such forward-looking statements speak only on the date at which such statements are made. PIMCO undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statement.

Contact Information

  • Contact:
    Michael Reid
    PIMCO - Media Relations