Daily Archive: February 29, 2020

PIMCO Canadian portfolio manager Ed Devlin leaving investing giant

The head of Canadian portfolio management at Pacific Investment Management Co., Ed Devlin, will leave the U.S.-based bond giant this summer after spending more than a decade there.

Devlin began working at PIMCO in 2006 and is a managing director at the firm, according to his online company biography. He is responsible for shaping the Canadian economic outlook and portfolio strategies for the company, which is owned by massive German insurer Allianz SE.

Before joining PIMCO, Devlin worked around the world for investment banks Lehman Brothers and Merrill Lynch.

Devlin told the Financial Post in an email that he is full-time until June 30, after which he expects to take some time off this summer.

“The only specific plan I have is to ensure a smooth transition of my duties,” he wrote, adding that, post-PIMCO, he has “a bunch of ideas, but no specific plans.”

A spokesperson for the Newport

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Elliott built a stake in Twitter, is pushing for changes: source By Reuters

© Reuters. FILE PHOTO: Paul Singer, founder and president of Elliott Management Corporation, speaks at WSJD Live conference in Laguna Beach

NEW YORK (Reuters) – Activist hedge fund Elliott Management has built a stake in Twitter inc (N:) and is pushing for changes, a person familiar with the matter said on Friday.

Founded by billionaire Paul Singer, New York-based Elliott is one of the world’s biggest activist investors and pushes for changes at prominent corporations to improve operations and ultimately the share price.

In after-hours trading, the share price of the microblogging and social network service jumped 7.7% to $33.20.

CNBC reported that Elliott is seeking to push out Twitter CEO Jack Dorsey, who is also the CEO of Square (N:). Dorsey is the only person who is the CEO of two publicly traded companies.

Calls to Elliott and Twitter for comment were not immediately returned.

Disclaimer: Fusion Media would
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Stock market this week: Markets brace for Monday after worst week since 2008

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