Pimco Could Sell Unit

Pimco Advisors Holdings LP is talking to potential buyers for its international unit, Blairlogie Capital Management, whose executives asked for a parting of the ways.

Executives at Blairlogie, which manages about $850 million, said they asked Pimco to sell the firm because they feel overshadowed by Pimco’s two largest units, Pacific Investment Management Co. and Oppenheimer Capital, which together manage about $200 billion.

“We’re very excited” about the prospective sale, said Gavin Dobson, chief executive and co-founder of Edinburgh, Scotland-based Blairlogie. He declined to talk about potential buyers, referring calls to Pimco.

Ernest Schmider, senior vice president of Newport Beach-based Pimco, declined to comment on the sale. He did say that Pimco wants to extend its international presence and may buy other companies to expand its management of non-U.S. assets for international and American clients.