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Lane leaves Apollo for PIMCO

PIMCO said Wednesday that it has hired John Lane as EVP and Global CFO of its alternatives platform. Lane was previously the CFO of Private Equity and Real Estate at Apollo Global Management LP.

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peHUB Second Opinion

In Second Opinion, Avon says the takeover bid that made its stock surge was a hoax, Pimco’s equities chief is set to leave next month and led by interim CEO Ellen Pao, Reddit announces an anti-harassment policy.

Actors Kevin Spacey (L) and Robin Wright are shown in a scene from Netflix's "House of Cards" in this publicity photo released by Netflix to Reuters January 30, 2013. REUTERS/Melinda Sue Gordon/Netflix/Handout
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peHUB Second Opinion

In Second Opinion, Pimco hires Ben Bernanke as a senior advisor, a former Goldman Sachs banker is acquitted of all charges in a rape case and for the third straight quarter, Netflix beats rival HBO in revenue.

324 Views

PIMCO promotes five to MD

PIMCO has promoted Dr. Richard Clarida, David Fisher, Richard LeBrun, John W. Murray and Kimberley Stafford to managing directors. PIMCO, which is owned by Allianz S.E., is an investment management firm with offices in North America, Europe and Asia.

Drink coasters are shown for sale at the Monroe County Heritage Museum in Monroeville
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peHUB Second Opinion

In Second Opinion, Amazon is in talks to buy some RadoShack stores, the fear that keeps small business owners awake at night and Harper Lee, who wrote “To Kill a Mockingbird,” will publish her second novel in July

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peHUB First Read

First Read ushers in your Tuesday with news ISIS sympathizers hacked U.S. military Twitter feed, White House admits it should have sent a high-level official to Paris rally and a start-up got $30 mln to shake up the garbage industry.

Bill Gross, co-founder and co-chief investment officer of Pacific Investment Management Company (PIMCO), speaks at the Morningstar Investment Conference in Chicago
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peHUB Second Opinion

In Second Opinion, Spotify says it has 60 million users of whom 15 million pay for the service, LuluLemon looks like its succeeding in its turnaround and Bill Gross confirms that PIMCO fired him.

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peHUB First Read

First Read kicks off your week with news that Actavis is close to a deal to acquire Allergen, Facebook is planning a rival for Microsoft Office and bitcoin firm Coinbase is raising funding at a $400 million valuation. 

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peHUB First Read

First Read rides the wave this morning with news Republicans have taken control of the Senate, Bruce Rauner was elected governor of Illinois and private equity firms send warnings to pension funds about keeping secrets.

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peHUB Second Opinion

In Second Opinion, Warburg Pincus is already gearing up for its next fund, WhatsApp intends to launch voice calling services in Q1, Prudential Financial replaces Pimco as subadviser on a $6 bln fund and its National Cat Day.

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peHUB First Read

This morning’s read has news on J.C. Penney hiring a new CEO, Google’s leads a $500 million round for Magic Leap and North Korea’s leader finally reappears in public.

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448 Views

peHUB Second Opinion

In Second Opinion, business is the most popular major in college but leads to the least fulfilling jobs, America’s highest paid developers live in what state, JPMorgan denies that it was hacked for second time and Moody’s may downgrade the N.Y. Met Opera Association.

A BlackBerry Passport smartphone is shown at its official launching event in Toronto
487 Views

peHUB Second Opinion

In Second Opinion, Pimco’s executive management committee had been meeting for a week to oust Bill Gross, there have been 200,000 orders for Blackberry’s Passport since its launch Wednesday and Battlestar Galactica is leaving Netflix as of Oct. 1.

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