As Man Group's Roman Joins PIMCO, Diversification Strategy In Play

The Southern California region is known to be one of several hotbeds for alternative investing thought. That reputation might have been cemented just a little further when PIMCO, formerly the world’s leading bond fund manager, lured Emmanuel “Manny” Roman away from his perch as CEO at London-based Man Group. The move installing Roman to CEO is significant from several standpoints, including the PIMCO trend towards strategy diversification, which ValueWalk first discussed on January 21, 2014 and later addressed in more detail. A seed was sprouting at PIMCO about the same time a dichotomous trend towards strategy diversification was taking place at Man…