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Former Pimco Manager to Launch New Hedge Fund

New York (HedgeCo.Net) – Former Pacific Investment Management Co. portfolio manager John Brynjolfsson is rumored to be starting his own hedge fund in the near future.  

Ronald Solberg of Viking Asset Management will team up with Brynjolfsson to run Armored Wolf LLC, which will “vary weightings among real asset sectors and securities based on a top-down assessment of the investing environment,” according to the firm’s website.

Prior to venturing out on his own, Brynjolfsson managed the $14.4 billion Commodity Real Return Strategy Fund at Pimco and has been with the firm since 1989.  The Commodity Real Return Strategy Fund employed swap agreements to gain exposure to changes in a broad index of commodity futures prices, using portfolio assets as collateral. 

Brynjolfsson also ran the firm’s $15.5 billion Real Return Fund.  Both funds saw impressive gains in 2007 during a year when many hedge funds were suffering.  

Julie Scuderi
Senior Editor for HedgeCo.Net
Email: julie@hedgeco.net

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