PIMCO launches pair of deep value equity funds into the UK

PIMCO has launched its two flagship active equity funds into the UK, focusing on deep value equity strategies.

The group recently poached Anne Gudefin and Charles Lahr to run the portfolios. The pair previously worked for Franklin Templeton, where they ran a similar strategy. The Dublin-domiciled vehicles are the PIMCO EqS Pathfinder fund and the PIMCO EqS Pathfinder Europe fund, which form part of PIMCO's Ucits III Global Investor Series (GIS) fund range. The funds will aim to identify mispriced stocks, distressed debt and merger arbitrage opportunities. The managers will use a bottom-up approach but will also leverage PIMCO's global economic outlook and research resources, the group says. ...