DOW JONES NEWSWIRES
Well-known bond market strategist Anthony Crescenzi will join
Pacific Investment Management Co. as a market strategist, portfolio
manager and senior vice president later this month from
institutional trading firm Miller Tabak & Co.
Crescenzi, author of three books, was formerly chief bond market
strategist at Miller Tabak, which he joined in 1986, following
stints at Lehman Brothers Holdings Inc. and Prudential Financial
Inc.'s (PRU) securities unit.
"Tony is widely-recognized in our industry as a leading and
thoughtful market strategist," Pimco Chief Executive Mohamed A.
El-Erian said. "His knowledge, experience, analytical skills and
insights will further enhance the resources devoted to delivering
to our clients around the world superior investment
performance."
Crescenzi will be based in Pimco's Newport Beach, Calif., office
and assume the position June 22. He will report to Steve Rodosky,
the head of Pimco's Treasury desk.
Crescenzi has a bachelor's degree in finance from CUNY and an
MBA from St. John's University. His books include "Investing From
the Top Down: A Macro Approach to Capital Markets," published in
September, investment book "Stigum's Money Market" and "The
Strategic Bond Investor."
Pimco is a unit of German insurer Allianz SE (AZ).
-By Lauren Pollock, Dow Jones Newswires; 201-938-5964;
lauren.pollock@dowjones.com