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Apr

30

Pimco Liquidates Arnott-Run Smart Beta Market Neutral Fund

By Tony Seruga

Research Affiliates fund trailed 87% of peers in past 3 years
Assets had fallen to $316 million from $4.2 billion at peak

Pacific Investment Management Co. liquidated a smart beta fund, the Pimco RAE Worldwide Fundamental Advantage Fund, effective Friday, according to the firm’s website.

The fund, which had almost $4.2 billion in assets at its peak in September 2014, had fallen to about $316 million as of March 31 as performance trailed peers.

“We constantly review our suite of strategies and may liquidate a fund from time to time if we feel it no longer serves our clients’ needs,” Pimco spokesman Michael Reid said in an emailed statement…

Pimco Liquidates Arnott-Run Smart Beta Market Neutral Fund

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