SINGAPORE, May 16, 2002 (PRIMEZONE) -- PIMCO, one of the world's leading fixed-income asset management companies, is pleased to announce that Aaron Low has joined the firm as an emerging markets specialist and international portfolio manager.
Low, most recently a senior fund manager at Dresdner Asset Management, is based in PIMCO's Singapore office. He reports to Mohamed El-Erian, a PIMCO managing director and head of the firm's emerging market portfolio-management team.
"Asia is a key market for PIMCO," said El-Erian, "and Aaron Low, who comes to us with significant experience and achievements, will refine PIMCO's focus on its primary objective -- to offer the best fixed-income opportunities to our clients in Asia, and the best products from Asia to our clients world-wide."
At Dresdner, Low oversaw Asian fixed-income investments, managing a $500 million institutional fund based in Southeast Asia and serving as asset-allocation manager for the Dresdner Global Balanced Fund. He also acted as senior voting member in the company's Global Emerging Market Investment Policy Committee.
Prior to working for Dresdner, Low served as a partner and lead investment strategist for IFER Investment Associates in Singapore and as a member of the business faculty at the National University of Singapore. He is an executive committee member of the Singapore Foreign Exchange Market Committee and chairman of the Fund Management Subcommittee for ACI Singapore, as well as an editorial board member at the Journal of Futures Markets, USA.
Low, 43, received a doctor of philosophy degree from the University of California, Los Angeles, in 1992. He earned a bachelor of engineering degree from the National University of Singapore in 1984. He is the author of numerous articles on futures and fixed-income investing.
With more than $350 billion in fixed-income assets under management worldwide, PIMCO is one of the world's leading fixed-income fund-management companies. Founded in 1971 and based in Newport Beach, California, the company is majority owned by Munich-based Allianz Group, a leading global insurance company with nearly $1 trillion in assets and represented in 70 countries around the globe.
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 statements.