Nic Johnson Retiring from PIMCO
Newport Beach, California (February 16, 2022) – Nic Johnson, Managing Director and Portfolio Manager, Commodity and Multi-Asset Strategies, will be retiring from PIMCO at the end of March.
Nic joined PIMCO in 2004 and has made huge contributions to PIMCO and our clients, overseeing our $20 billion commodities complex. He has been an expert in portfolio construction, commodity investing, real-return strategies, a book author and a valued colleague during his 17 years at PIMCO. Prior to PIMCO, Nic worked as a research fellow for NASA’s Jet Propulsion Laboratory and helped develop Mars missions and new methods of autonomous navigation. His remarkable career trajectory is testament to PIMCO’s commitment to hire the best and brightest from any industry to help drive innovative investment ideas for our clients. Nic will continue to serve as an advisor to the firm. We thank Nic for all his contributions and wish him well.
Nic has also played a key role in hiring and developing the deep bench of talent we now have in our commodities and real asset teams, which have expanded significantly in recent years, supported by additional investments in analytics, technology, risk management and client services. PIMCO is pleased to announce that Greg Sharenow, Managing Director and Portfolio Manager, will serve as Head of Commodities, in addition to his senior PM responsibilities for the commodity complex, including long-only commodities, and commodity absolute return, and multi-real asset strategies.
Greg brings to this role more than two decades of experience in trading, economics, mathematics and portfolio management. He is already a portfolio manager on all commodity strategies with a particular expertise in global oil markets and the geopolitics which drive them. His contributions in portfolio construction, alpha generation, and mentorship over the past 10+ years while at PIMCO have been pivotal in the growth and evolution of our real return business. He has also served as a Board member on the PIMCO Foundation. Prior to joining PIMCO in 2011, he was an energy trader at Hess Energy Trading, Goldman Sachs, and DE Shaw. He was previously senior energy economist at Goldman Sachs. He has 22 years of investment and financial services experience and holds bachelor's degrees in mathematical methods in the social sciences and in economics from Northwestern University.
Greg will be supported in this role by a talented bench of commodity portfolio managers, including Lewis Hagedorn, Executive Vice President, Andrew DeWitt, Senior Vice President and the broader resources of our real return and asset allocation strategies, including Erin Browne, Managing Director and Emmanuel Sharef, Executive Vice President. He will also work closely with senior portfolio managers on our absolute return strategies, including Jon Horne, Managing Director. PIMCO plans to continue adding resources in our commodities and real asset teams.
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 50+ 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 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.