LOOKING BACK: THIS WEEK IN IMT

LOOKING BACK: THIS WEEK IN IMT

One year ago

The initial reports surfaced that Pacific Investment Management Co. (PIMCO) Advisors LP was likely to buy Oppenheimer Capital after the launch of a major back-office IT project at Pacific Mutual Life Insurance Co., which owns 40 per cent of PIMCO. The project cost upwards of $10 million. Pimco traditionally develops most of its IT products in-house (January 31, 1997).

Editor's Note:

PIMCO Advisors closed on its acquisition of Oppenheimer in November, and has grown to $199.5 billion

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