The board of trustees of KKR Income Opportunities Fund appointed Eric Mogelof trustee, chair and president. Mogelof most recently served as head of PIMCO’s U.S. global wealth management business and will replace Suzanne Donohoe.
Neiman Marcus emerged from voluntary Chapter 11 protection. The company’s new owners, including PIMCO, Davidson Kempner Capital Management and Sixth Street, are funding a $750 million exit financing package.
Wells Fargo and a group of institutional investors, including funds affiliated with BlackRock and PIMCO, reached a settlement that resolves two class action lawsuits.
Global investment management firm PIMCO has retained five world-renown experts on economic and political issues to from a PIMCO Global Advisory Board. Ben Bernanke will serve as chairman.