PIMCO Taps Ethan Schwartz As Executive VP – Distressed Credit

Pacific Investment Management Company LLC (PIMCO) has brought in veteran executive Ethan Schwartz as its newest Executive Vice President and Portfolio Manager, to help manage and oversee its Distressed Credit operations.

US-based PIMCO is a global investment management firm dealing with all sorts of asset-classes and instruments including credit, Equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term, fixed income, and foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term. In a bid to solidify its Distressed Credit division, the group has named Ethan Schwartz as its Executive VP and Portfolio Manager, a role he has had nearly two decades of experience in.

Before joining PIMCO, Mr. Schwartz served as the Senior Vice President at Contrarian Capital Management for over nine years where he specialized in distressed debt analysis. Prior to this, he also manned other executive posts at CRT Capital Group, Goldman Sachs, and even the US Treasury Department.