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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) February 26, 1999
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PIMCO ADVISORS HOLDINGS L.P.
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(Exact name of Registrant as specified in charter)
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<CAPTION>
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Delaware 001-9597 13-3412614
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
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800 Newport Center Drive, Newport Beach, California 92660
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(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including area code (949) 717-7022
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Inapplicable
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(Former name or former address, if changed, since last report.)
Page 1 of 4 Pages
Exhibit Index is on Page 3
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Item 5. Other Events.
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On February 26, 1999, PIMCO Advisors Holdings L.P. issued the press
release attached hereto as Exhibit 99.1.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
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Exhibits.
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Exhibit
Number Description
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99.1 Press Release dated February 26, 1999.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: March 1, 1999 PIMCO ADVISORS HOLDINGS L.P.
/s/ RICHARD M. WEIL
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Richard M. Weil, Senior Vice President and
General Counsel
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INDEX TO EXHIBITS
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Sequentially
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Numbered
Exhibit Description Page
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99.1 Press Release dated February 26, 1999. 4
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EXHIBIT 99.1
Investor Contact: Media Contact:
PIMCO Advisors Steve Hawkins/Linda Press
Kelli Powell Sitrick And Company
800-387-4626 310-788-2850
For Immediate Release
Glinsman Succeeds Long as CIO of PIMCO Advisors Unit
NEW YORK CITY, New York, February 26, 1999 --- PIMCO Advisors Holdings L.P.
(NYSE: PA) announced today that Colin Glinsman has succeeded George Long as
Chief Investment Officer of its Oppenheimer Capital unit. Long, formerly CEO
and Chief Investment Officer, has left Oppenheimer Capital to pursue personal
interests.
Glinsman, 41, who is a Managing Director, has worked on Oppenheimer
Capital's investment team for almost 10 years, and is the portfolio manager for
the 4-star Oppenheimer Quest Balanced Value Fund.
Jim McCaughan, Chief Operating Officer, will continue to be primarily
responsible for client service, marketing, operations and fixed income and
international investment activities.
"Colin's experience and record, together with his strong investment skills,
make him ideally suited for the CIO role," said McCaughan.
"I am excited to be given the leadership of Oppenheimer Capital's
investment team, which has delivered excellent long-term performance to our
clients for over twenty-five years," said Glinsman.
"We have every confidence that this management team can build on the
current strengths of Oppenheimer Capital to attain excellence in all aspects of
their business," said William Cvengros, Chief Executive Officer of PIMCO
Advisors. "We are grateful to George Long for his many years of service. He
played a leading role in building Oppenheimer Capital into a great investment
management company."
Oppenheimer Capital has $62.4 billion in assets under management. It is a
subsidiary of PIMCO Advisors L.P., one of the largest investment management
companies in the United States with nearly $244 billion of assets under
management.
Past performance is no guarantee of future results. The Oppenheimer Quest
Balanced Value Fund is subadvised by Oppenheimer Capital and distributed by
OppenheimerFunds Distributor, Inc., Two World Trade Center, New York, NY 10048
