June 27, 2012 10:00 ET

PIMCO Hires Three Senior Alternatives Investment Professionals as Part of Continued Expansion of Firm's Alternatives Platform

Neal Reiner Joins Firm as Executive Vice President, Product Manager for Credit Alternative Strategies

Jennifer Strickland and Molly Hall Join as Executive Vice Presidents and Senior Alternatives Specialists

NEWPORT BEACH, CA--(Marketwire - Jun 27, 2012) - PIMCO, a leading global investment management firm, has hired three senior investment professionals as the firm continues to expand its alternatives platform. Neal Reiner joined the firm as an Executive Vice President, Product Manager for Credit Alternative Strategies and Jennifer Strickland and Molly Hall joined as Executive Vice Presidents and Senior Alternatives Specialists. All three individuals are based in the firm's Newport Beach office. PIMCO manages $16 billion of client assets across hedge fund and distressed credit strategies.

"PIMCO's global reach and deep expertise gives us a unique view of opportunities across the broad credit, rate and volatility markets. Our clients are looking for blue-chip managers who can consistently deliver value with an intense focus on managing downside risk," said Jennifer Bridwell, Managing Director and Head of Alternative Products. "Neal, Molly and Jennifer together have deep alternatives investment experience and will further enhance PIMCO's team of experienced and highly specialized alternatives investment professionals."

PIMCO has developed and managed alternative strategies for over a decade, including a range of hedge funds, distressed credit funds and opportunistic strategies. More than 70 investment professionals across the firm contribute to PIMCO's alternatives efforts, including specialist portfolio managers, credit analysts, product managers, and client facing personnel across our global offices. The firm's alternatives products benefit from PIMCO's global resources and risk management platform and are managed by specialized teams experienced in alternatives strategies.

Professional Biographies:

Neal Reiner

Mr. Reiner is an Executive Vice President and Product Manager for Credit Alternative Strategies in the Newport Beach office. He has more than 25 years of corporate and structured credit investment experience, most recently from Gottex Fund Management where he was a managing director and contributed to the manager selection and risk management of their global fund of funds products with a focus on the management of the firm's credit strategies and investments. Previously he was a high yield portfolio manager at Putnam Investments and has investment banking experience from his roles at BancBoston Robertson Stephens and at Bear Stearns. Mr. Reiner earned an MBA from Wharton and a bachelor's degree in accounting from the University of Illinois with high honors.

Molly Hall

Ms. Hall is an Executive Vice President in the Newport Beach office, focusing on alternative strategies. Prior to joining PIMCO, she was with Canyon Capital Advisors in Los Angeles for nine years, raising capital, developing client relationships and overseeing investor relations for Canyon's hedge fund strategies. Before that she was an analyst focused on real estate transactions. Ms. Hall began her career at PricewaterhouseCoopers, focusing on buy side valuation and due diligence. She is a certified public accountant and has 13 years of investment and financial services experience. Ms. Hall holds a bachelor's degree from the University of California, Los Angeles.

Jennifer Strickland, CFA

Ms. Strickland is an Executive Vice President in the Newport Beach office, focusing on alternative strategies. Prior to joining PIMCO, she was a managing director in investor relations at Blue Mountain Capital Management in New York, a long/short credit manager. She also spent nine years as director of investor relations at HBK Capital Management, one of the oldest multi-strategy hedge fund firms. She also worked at Citibank Private Bank in Hong Kong and at Morningstar, Inc., where she led the firm's coverage of variable annuities. She has 22 years of investment and financial services experience and holds an MBA in finance and a bachelor's degree in statistics from the University of Chicago.

PIMCO is a global investment management firm that was founded in Southern California in 1971. The firm serves an array of clients and manages retirement and other assets that reach more than 8 million people in the U.S. and millions more around the world. Our clients include state, municipal, union and private sector pension and retirement plans, educational, foundations, endowments, philanthropic and healthcare institutions, individual and investment saving accounts, public sector reserve management and other public entities in North and South America, Europe, the Middle East and Asia.

PIMCO has more than 2,000 employees. In addition to its headquarters in Newport Beach, California, the firm has offices in Amsterdam, Hong Kong, London, Milan, Munich, New York City, Singapore, Sydney, Tokyo, Toronto and Zurich.

PIMCO is owned by Allianz S.E., a global diversified financial services provider.

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