AP NEWS

PIMCO Hires Adam Shukovsky as Managing Director and Portfolio Manager for Interest Rates and Volatility

December 18, 2018

NEWPORT BEACH, Calif., Dec. 18, 2018 (GLOBE NEWSWIRE) -- PIMCO, a leading global investment management firm, has hired Adam Shukovsky as a Managing Director and Portfolio Manager for interest rates and volatility. Mr. Shukovsky will report to Mihir Worah, Managing Director and Chief Investment Officer – Asset Allocation and Real Return. He will join PIMCO in March and will be based in the firm’s Newport Beach office.

Mr. Shukovsky will oversee volatility-related activities at PIMCO, joining the firm’s deep bench of market specialists focusing on volatility strategies across a range of portfolios.

“We are thrilled that Adam is bringing to PIMCO his deep understanding of volatility strategies, markets and an innovative eye for how to best tailor products to meet client needs,” said Mr. Worah. “The volatility markets continue to be an incredibly important investment area for PIMCO in terms of managing risk and generating returns across our traditional portfolios and hedge fund complex, particularly when combined with our analytics and upgraded technology.”

Prior to joining PIMCO, Mr. Shukovsky was Managing Director, Head of Interest Rates Derivatives Trading at Credit Suisse. He also headed U.S. interest rate exotics trading at Deutsche Bank and U.S. interest rate hybrids trading at Morgan Stanley.

“Volatility trading is a critical element of PIMCO’s investment process and understanding of risk premia and we will continue to add volatility resources in portfolio management as we see compelling opportunities to grow and develop new volatility strategies and products for active investors,” said Dan Ivascyn, Managing Director and PIMCO’s Group Chief Investment Officer.

Professional Biography

Adam Shukovsky will be a Managing Director and Portfolio Manager for interest rates and volatility, based in Newport Beach. Prior to joining PIMCO, Mr. Shukovsky was Managing Director, Head of Interest Rates Derivatives Trading at Credit Suisse. During his six year tenure at Credit Suisse, Mr. Shukovsky also held positions as Managing Director, Head of U.S. Interest Rate Options Trading and Director, Head of U.S. Interest Rate Exotics Trading. Mr. Shukovsky also held prior roles heading U.S. interest rate exotics trading at Deutsche Bank and U.S. interest rate hybrids trading at Morgan Stanley. He has 14 years of investment experience and holds an MBA from Columbia University and a Bachelor of Science in Engineering from Princeton University.

About PIMCO PIMCO is one of the world’s premier fixed income investment managers. With our launch in 1971 in Newport Beach, California, PIMCO introduced investors to a total return approach to fixed income investing. In the 45+ years since, we have continued to bring innovation and expertise to our partnership with clients seeking the best investment solutions. Today we have offices across the globe and 2,150+ professionals united by a single purpose: creating opportunities for investors in every environment. PIMCO is owned by Allianz S.E., a leading global diversified financial services provider.

Except for the historical information and discussions contained herein, statements contained in this news release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, including the performance of financial markets, the investment performance of PIMCO’s sponsored investment products and separately managed accounts, general economic conditions, future acquisitions, competitive conditions and government regulations, including changes in tax laws. Readers should carefully consider such factors. Further, such forward-looking statements speak only on the date at which such statements are made. PIMCO undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements.

Contact:Michael ReidPIMCO – Media Relations Ph. 212-597-1301Email: Michael.Reid@pimco.com

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