Citywire Selector - For Professional Investors

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Nestlé appoints PIMCO to run global credit fund

Nestlé appoints PIMCO to run global credit fund

Food giant Nestlé has appointed bond giant PIMCO to run its global credit fund, the Swiss group has announced.

This arrangement will see PIMCO work with Nestlé's dedicated fund management subsidiary Robusta Asset Management to run the Robusta Global Credit Bond fund.

The Robusta Global Credit Bond fund was established in December 2004 with a strong emphasis on long-term growth investment opportunities.

According to the investor note seen by Citywire, PIMCO was officially appointed to the role on July 30 with the management role taking effect from July 31.

PIMCO was unavailable for comment at the time of publication.

Robusta is a wholly-owned investment manager designed to invest pension scheme money and other cash pools on behalf of Nestlé.

According to the 2012 consolidated financial statement for the Nestlé Group, Robusta currently oversees CHF 8.8 billion (€7.1 billion) in assets under management.

Previous tie-ups have seen Robusta Asset Management appoint Schroders in February 2012 to oversee an emerging markets fund.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Events
  • Citywire DACH 2016

    Citywire DACH 2016

  • Citywire Alt Ucits 2016

    Citywire Alt Ucits 2016

  • Citywire Italy 2016

    Citywire Italy 2016

  • Citywire Berlin 2016

    Citywire Berlin 2016

  • Citywire Milan 2016

    Citywire Milan 2016

  • Citywire Switzerland 2016

    Citywire Switzerland 2016

  • Citywire Thailand 2016

    Citywire Thailand 2016

  • Citywire Paris Alt Ucits 2016

    Citywire Paris Alt Ucits 2016

  • Citywire Deutschland 2016

    Citywire Deutschland 2016

  • Citywire Amsterdam 2016

    Citywire Amsterdam 2016

  • Citywire Montreux 2016

    Citywire Montreux 2016

  • Citywire Latin America 2016

    Citywire Latin America 2016

  • Citywire Milan 2016

    Citywire Milan 2016

  • Citywire Munich 2016

    Citywire Munich 2016

  • Citywire Zurich Alt Ucits 2016

    Citywire Zurich Alt Ucits 2016

  • Citywire Paris 2015

    Citywire Paris 2015

  • Citywire Paris 2015

    Citywire Paris 2015

  • Citywire Global New Ideas 2015

    Citywire Global New Ideas 2015