Total Return Fund News

Allianz shareholders will see new CEO Oliver Baete installed on Wednesday and will be eager for any clues about his strategy for Europe’s largest insurer – and how he plans to improve the prospects of its asset manager Pimco. California-based …

Allianz SE reported an unexpected decline in fourth-quarter profit as the exit of Bill Gross at Pacific Investment Management Co. (PIMCO) spurred clients to withdraw assets. The shares fell the most in five months. Net income fell to 1.22 billion …