A decade into her reign, Johnson is reasserting control over the fund giant's London outpost. Heads are rolling.
The former Swiss National Bank president said the question is about where service inflation settles.
Other money managers such as BlackRock, Wellington and T. Rowe Price have already cut jobs.
The new fund will invest across a range of financing strategies and focus on lending to European businesses.
Companies are paying insurers to take on their financial obligations to pensioners.
Giant asset managers are dealing with losing streaks.
The private credit market has roughly tripled in size since 2015 to $1.5 trillion.
Pimco is the largest holder of the Swiss lender's AT1 bonds.
The asset manager's personal investor platform in the U.K. has 480,000 users.
About $130 billion has been yanked out of the firm by clients since 2017.
Please log back in before proceeding.
There was an error logging in. Please try again.
Congrats! You are now logged in. Your exam is being submitted.
