Andrews leaves PIMCO to start own venture

David Andrews has resigned from investment firm Pimco to start his own venture. Timelines are yet to be agreed but industry friends have been quick to wish him well. Greg Lee of Goldman Sachs says: “David has been pivotal in many of the best deals of recent years and is a good friend, both he and his successor at Pimco will continue to have an impact”. David Andrews says: “There is a huge search for yield in every fixed income asset class, When you look around your options, particularly in corporate bonds, the risks are dramatically changing today. We are