German insurer Allianz (AZSEY.PK) separates PIMCO from its other asset management ops, although...

|About: Allianz SE ADR (AZSEY)|By:, SA News Editor

German insurer Allianz (AZSEY.PK) separates PIMCO from its other asset management ops, although the move isn't a precursor to a sale of any unit. PIMCO continues to be headed by co-founder and co-CIO Bill Gross, and by CEO and co-CIO Mohamed El-Erian.