Morningstar warned earlier this month that the situation at Pimco is "fluid amid continued outflows and an investment team still in the formative stages of jelling and reforging its identity."
Hodge assured the audience that Pimco had the support of its parent company, Allianz, and that Gross' department would not shrink Pimco's profit margin in a meaningful way.
"We have been part of the Allianz Group for 15 years," Hodge said. "And over the 15 years, including the last 18 months, we have delivered financial results to them in double-digit profit growth in global income."
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In 2000, when Allianz acquired Pimco, it accounted for about 4 percent of Allianz's global income. Hodge expects Pimco to contribute 18 percent to 20 percent in global income to Allianz this year. "There is nothing within the Allianz Group that has performed to the extent we have," he said.
Hodge and Ivascyn also touted their latest high-profile hire, former Federal Reserve Chairman Ben Bernanke. Ivascyn said that Bernanke participates in the firm's investment committee meetings and quarterly forums as well as informal meetings with portfolio managers. Only a few days ago Bernanke met with a Pimco manager to discuss what the Fed might do later this year, Ivascyn said.
Looking ahead, Pimco will focus on generating income in a low-rate world, its core bond funds and its alternatives business, Hodge said.
"We want to be a leader in the core bond space, where I believe we still retain one of the premier positions, and we don't want to concede that to anybody," he said.