Buy Side Big Guns

FEATURE

Allianz and Mellon Financial have each gone on shopping sprees in recent years, purchasing a slew of asset management companies that are recognized names in their own right. Now, can they translate size into savings?

In 2000, after acquiring Los Angeles-based fixed income powerhouse Pacific Investment Management Company (PIMCO) and San Diego-based Nicholas Applegate, the German insurance and financial services giant Allianz realized it needed a more clearly defined framework for its asset

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