PIMCO re-hires Marc Seidner for MD and portfolio management role

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PIMCO has hired Marc Seidner as a Managing Director and Portfolio Manager.

Seidner will return to the firm in a new role as Chief Investment Officer — Non-traditional Strategies and Head of Portfolio Management in the New York office, as well as a member of PIMCO’s Investment Committee. He will begin on November 12th and will report to Daniel Ivascyn, Group Chief Investment Officer.

Seidner, who was a Senior Portfolio Manager at PIMCO from 2009 to 2014, will work closely with Ivascyn on the oversight of several non-traditional investment teams. In addition, he will assume generalist portfolio management responsibilities as part of his new role. In his previous role at PIMCO, Seidner was a member of the PIMCO Investment Committee and managed a range of portfolios that included PIMCO total return separate accounts.

Said Ivascyn: 'Marc is a talented, highly experienced investor with broad market expertise and a deep knowledge of PIMCO, and his return will further enhance our global investment platform.' Mr. Ivascyn continued: 'Marc will be able to seamlessly contribute to our investment process and efforts on behalf of PIMCO’s clients. We are very pleased that he is returning to PIMCO in a senior portfolio management role.'

Said Seidner: 'I look forward to returning to PIMCO and becoming a member of the firm’s portfolio management team, which is one of the deepest in the investment management industry.' Mr. Seidner continued: 'This new role provides me a unique opportunity to again contribute to PIMCO’s success while also enabling my family and me to remain based on the east coast.'

Additionally, Curtis Mewbourne, current Head of the firm’s NY Portfolio Management group, will return to the firm’s Newport Beach office as a senior member of the firm’s portfolio management team. He will continue in his role as head of the Insurance, Diversified Income and Sector Fund Separate Account teams, and will assume additional responsibilities when he returns to Newport Beach in mid-2015.

Said Ivascyn: 'Curtis has been instrumental in establishing and leading PIMCO’s portfolio management platform in our New York office and we are grateful for his tremendous efforts with our New York team over the past four years. We look forward to continuing to benefit from Curtis’ leadership upon his return to Newport Beach in the middle of next year.'

Biographies

Marc Seidner

Seidner will be a Managing Director and Chief Investment Officer – Non-traditional Strategies. He previously worked at PIMCO from August 2009 until January 2014, during which he served as a Generalist Portfolio Manager and member of PIMCO’s Investment Committee. After leaving PIMCO in 2014, Seidner was a Partner and Head of Fixed Income at GMO LLC.

Prior to joining PIMCO in 2009, Seidner was a Managing Director and Domestic Fixed Income Portfolio Manager at Harvard Management Co., Inc. and also the Director of Active Core Strategies at Standish Mellon Asset Management Company LLC. He also held senior portfolio management roles at Fidelity Management & Research Company. Seidner is a C.F.A. charter holder. He holds an Undergraduate degree in Economics from Boston College.

Curtis A. Mewbourne

Mewbourne is a Managing Director and Head of Portfolio Management in the New York office. He manages institutional accounts and mutual funds across a wide range of strategies.

Prior to joining PIMCO in 1999, he was a bond trader at Salomon Brothers and at Lehman Brothers. He has 22 years of trading and portfolio management experience and holds an engineering degree in computer science from the University of Pennsylvania.

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