Pacific Mutual Life Wants To Sell Technology Services
TECHNOLOGY STRATEGIES
News last week that Pimco Advisors LP has surfaced as the likely buyer of Oppenheimer Capital comes as no surprise given the huge back-office technology project under way at Pacific Mutual Life Insurance Co., which owns nearly half of Pimco.
Acquisition of Oppenheimer Capital, which manages $48 billion mostly in stocks, would push Pimco's assets, mostly in bonds, to nearly $160 billion. That number, combined with Pacific Mutual's own $18 billion under management, may make the insurer's new
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