Pimco Has Reduced Euro Exposure Due to Cyprus Crisis - Report
22 March 2013 - 5:04AM
Dow Jones News
Pimco, the world's largest fixed-income fund manager by assets,
has reduced its euro-denominated exposure because of the Cyprus
crisis, Handelsblatt reports Thursday.
"We have reduced our financial exposure in euro in recent days,"
said Saumil Parikh, managing director of the Allianz SE (ALV.XE)
unit, according to the newspaper.
Newspaper website: http://www.handelsblatt.com
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