Pimco Advisors Holdings L.P.: The big Newport Beach money manager said second-quarter earnings rose 19.1%, including a one-time gain, as managed assets climbed 11% at its operating unit. Pimco, the third-biggest publicly traded U.S. fund company by assets, said second-quarter income rose to $23.1 million, or 45 cents a unit, from $19.4 million, or 39 cents, a year ago. That includes a gain of 3 cents from the sale of affiliate Blairlogie Capital Management in the second quarter to Alleghany Asset Management. Six analysts surveyed by First Call Corp. had expected 42 cents per unit. Revenue at Pimco Advisors L.P., the operating unit, advanced 13% to $244.7 million, while assets under management climbed to $254.6 billion, from $228.7 billion a year ago. That gain in assets was after Pimco shed about $5.2 billion in assets by selling Columbus Circle Investors to its management in June, and Blairlogie. Pimco has held talks with Allianz AG about selling all or part of the firm to Europe's second-biggest insurer. Pimco said it's looking to expand its distribution in the U.S. and abroad and is "exploring options for strategic initiatives."