David Fisher - Pimco California Trustee

PCQ Fund  USD 9.12  0.02  0.22%   
David Fisher is Fund Manager at Pimco California Municipal
Age 53
Tenure 6 years
Phone949 720 6000
Webhttps://www.pimco.com/en-us/investments/closed-end-funds/california-municipal-income-fund

David Fisher Latest Insider Activity

Tracking and analyzing the buying and selling activities of David Fisher against Pimco California fund is an integral part of due diligence when investing in Pimco California. David Fisher insider activity provides valuable insight into whether Pimco California is net buyers or sellers over its current business cycle. Note, Pimco California insiders must abide by specific rules, including filing SEC forms every time they buy or sell Pimco California'sshares to prevent insider trading or benefiting illegally from material non-public information that their positions give them access to.

Pimco California Management Performance (%)

The company has Return on Asset of 2.03 % which means that on every $100 spent on assets, it made $2.03 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of (13.69) %, meaning that it generated no profit with money invested by stockholders. Pimco California's management efficiency ratios could be used to measure how well Pimco California manages its routine affairs as well as how well it operates its assets and liabilities.
Pimco California Municipal has 59.37 M in debt with debt to equity (D/E) ratio of 0.18, which may show that the company is not taking advantage of profits from borrowing. Pimco California Mun has a current ratio of 0.43, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Pimco California until it has trouble settling it off, either with new capital or with free cash flow. So, Pimco California's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Pimco California Mun sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Pimco to invest in growth at high rates of return. When we think about Pimco California's use of debt, we should always consider it together with cash and equity.

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PIMCO California Municipal Income Fund is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. PIMCO California Municipal Income Fund was formed on June 29, 2001 and is domiciled in New York. Pimco California operates under Asset Management classification in the United States and is traded on New York Stock Exchange. The fund is not categorized under any group at the present time.

Management Performance

Pimco California Mun Leadership Team

Elected by the shareholders, the Pimco California's board of directors comprises two types of representatives: Pimco California inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Pimco. The board's role is to monitor Pimco California's management team and ensure that shareholders' interests are well served. Pimco California's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Pimco California's outside directors are responsible for providing unbiased perspectives on the board's policies.
David Fisher, Trustee
Stacie Anctil, Assistant Treasurer
Bradley Todd, Treasurer
Joshua Ratner, Vice President, Secretary and Chief Legal Officer
T Buffington, Independent Trustee
William Galipeau, Principal Financial and Accounting Officer and Treasurer
Christopher Morin, Assistant Treasurer
E Vandecruze, Independent Trustee
WuKwan Kit, Vice President, Senior Counsel, Secretary
Joseph Kittredge, Independent Trustee
Ryan Leshaw, Assistant Secretary
James Jacobson, Independent Trustee
Eric Johnson, Vice President
Brandon Evans, Assistant Treasurer
Hans Kertess, Independent Chairman of the Board of Trustees
Jason Nagler, Assistant Treasurer
Sarah Cogan, Independent Trustee
Keisha AudainPressley, Chief Compliance Officer
Peter Strelow, Principal Executive Officer and Pres
Deborah DeCotis, Independent Chairman of Board of Trustees
Erik Brown, Assistant Treasurer
Bradford Gallagher, Independent Trustee
John Maney, Trustee
Colleen Miller, Assistant Treasurer
Jeffrey Byer, Vice President
Derrick Clark, Independent Trustee
Alan Rappaport, Independent Trustee
Bijal Parikh, Assistant Treasurer
Elizabeth Duggan, Vice President
William Ogden, Independent Trustee
Shwetha Shenoy, Assistant Treasurer
H Zhang, Assistant Treasurer
Mark Jelic, Vice President
Brian Pittluck, Vice President

Pimco Fund Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right fund is not an easy task. Is Pimco California a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with Pimco California

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Pimco California position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Pimco California will appreciate offsetting losses from the drop in the long position's value.

Moving against Pimco Fund

  0.4LUBYX Lord Abbett UltraPairCorr
The ability to find closely correlated positions to Pimco California could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pimco California when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Pimco California - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Pimco California Municipal to buy it.
The correlation of Pimco California is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Pimco California moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pimco California Mun moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Pimco California can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in Pimco Fund

Pimco California financial ratios help investors to determine whether Pimco Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Pimco with respect to the benefits of owning Pimco California security.
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