The latest news in investment offerings, financial products and other services relevant to wealth advisors and their clients.

PIMCO, Aditum Investment Management
PIMCO, a specialist in active fixed income with expertise across public and private markets, has announced a new partnership in the United Arab Emirates with Aditum Investment Management, a privately-owned asset management company based in the Dubai International Financial Centre.

The partnership aims to make two of PIMCO’s income investment strategies available to wealth investors in the UAE via Aditum Feeder Funds, which are registered as public funds with the Dubai Financial Services Authority.

“PIMCO has a long-standing history in the Middle East, having managed assets for investors in the region for more than 20 years,” Ryan Blute, managing director and head of PIMCO’s global wealth management business in EMEA, said. “Our new partnership with Aditum reinforces our commitment to delivering tailored investment solutions for wealth investors in the UAE, accessible through locally registered vehicles via the newly-established Aditum funds.”