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Pimco poaches deep value managers and adds funds

Pimco has poached two deep value managers from Franklin Templeton and has made them managers of two new equity funds.

The new funds, one global and one European deep value equity strategy, will form part of Pimco’s Dublin-domiciled Ucits III Global Investor series.

Anne Gudefin and Charles Lahr, formerly executive vice presidents at the mutual series group of Franklin Templeton Investments, will co-manage the funds.
Gudefin and Lahr used to be co-portfolio managers for the Franklin mutual global discovery fund. However, they left Franklin Templeton to join Pimco in January and December respectively.

The global deep-value investor duo focus primarily on equity securities, complemented by value-oriented distressed debt and merger arbitrage. The managers will also adopt tactical strategies such as hedging.

Their new actively managed global portfolio, the Pimco equity strategy pathfinder fund, seeks to identify mispriced stocks, distressed debt, merger arbitrage and other investment opportunities worldwide. The second new addition, the Pimco equity pathfinder Europe, applies the same strategy, but focuses on European markets.

Lahr says the global deep value strategy is suitable in virtually any market environment. As growth drivers are shifting and economies are resetting, Gudefin and Lahr expect to find compelling investment opportunities through security analysis, stock selection and portfolio construction.

Pimco’s Ucits III Global Investor Series fund range is a Dublin-registered complex with 34 sub-funds and £28.9 billion under management. Pimco registered the two new funds for sale in Britain on May 24.

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