PIMCO Hires Lewis Hagedorn as Executive Vice President and Portfolio Manager

NEWPORT BEACH, Calif., April 26, 2018 (GLOBE NEWSWIRE) -- PIMCO, one of the world's premier fixed income investment managers, has hired Lewis Hagedorn as Executive Vice President and Portfolio Manager focused on agricultural commodities. He will report to Nic Johnson, Managing Director and Portfolio Manager focused on commodity, quantitative and multi-asset strategies. He will be based in Newport Beach.

"We're excited to have Lewis join PIMCO," says Mr. Johnson. "He brings the depth and breadth of experience in agricultural commodities, which complements the talents and composition of our already strong Commodities team."

Throughout his career, Mr. Hagedorn has focused on quantitative modelling to analyze agricultural commodities and potential investment risk, with a particular focus in recent years on global crop production forecasting.  Prior to joining PIMCO, Mr. Hagedorn traded agricultural commodities for TrailStone Group in London, and has previously held agricultural investment roles at Citadel and Brevan Howard in Europe, and was head of agricultural strategy for J.P. Morgan.

PIMCO, one of the largest global commodities managers, offers a number of commodity-based strategies in public and private vehicles that can help clients diversify investment portfolios. In addition to incorporating fundamental analysis, PIMCO looks for structural inefficiencies in the commodities market as it pursues delivering attractive returns for clients.

PIMCO has hired more than 600 new employees since 2016, including 139 investment professionals in areas including private strategies, client analytics, emerging markets, mortgages, real estate and macroeconomics, and plans more than 200 new hires in 2018.

Professional Biography

Lewis Hagedorn is an Executive Vice President and Portfolio Manager at PIMCO, focusing on agricultural markets. Prior to joining PIMCO, he was a proprietary trader at TrailStone Group in London and before that at Citadel and Brevan Howard. Mr. Hagedorn began his career as an economist for the Chicago Board of Trade before joining J.P. Morgan, where he was head of agricultural commodities research and strategy. He has 14 years of investment experience and holds a master's of science degree in agricultural economics and undergraduate degrees in economics and psychology from the University of Illinois at Urbana-Champaign.

About PIMCO 
PIMCO is one of the world's premier fixed income investment managers. With our launch in 1971 in Newport Beach, California, PIMCO introduced investors to a total return approach to fixed income investing. In the 45+ years since, we have continued to bring innovation and expertise to our partnership with clients seeking the best investment solutions. Today we have offices across the globe and 2,150+ professionals united by a single purpose: creating opportunities for investors in every environment. PIMCO is owned by Allianz S.E., a leading 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 statements.

Contact:
Agnes Crane
PIMCO ? Media Relations
Ph. 212-597-1054
Email: [email protected]