- Despite announcing another attempt last week to make a real push into equities, Pimco (OTCPK:AZSEY) has ruled out acquisitions to grow the business.
- "We want to build up our equities know how with organic growth. We do not plan to acquire investment boutiques," said Andrew Bosomworth, the Germany head of Pimco's portfolio management.
- Allianz executives have repeatedly acknowledged in the past that the expansion into stocks was proving more difficult than expected.