Pimco Advisors Holdings LP

The Newport Beach company that controls the nation’s biggest bond fund manager said costs related to its pending acquisition by Allianz AG caused its fourth-quarter profit to fall 8.8% to $18.6 million, or 35 cents a unit, from $20.4 million, or 40 cents a unit, in the same quarter the previous year. Before the charges, net income rose about 3% to $21 million, or 39 cents per unit. Quarterly revenue rose 7% to $244.4 million. For the year, Pimco earned $74.3 million, or $1.43 per unit, down 2.3% from $76.1 million or $1.52 per unit in 1998. Allianz is buying a 70% stake in Pimco.