PIMCO

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Pacific Investment Management Company
Type Subsidiary
Industry Financial Services
Founded 1971
Headquarters Newport Beach, California, U.S.
Key people William H. Gross, Co-Founder, and CIO, Douglas Hodge, CEO,[1] Jay Jacobs, President
Products Investment management
Revenue Undisclosed to public
Employees 2000+
Parent Allianz
Website www.pimco.com

Pacific Investment Management Company, LLC (commonly called PIMCO), is a global investment management firm headquartered in Newport Beach, California, in the United States, with over 2,400 employees working in 13 offices across 12 countries. PIMCO is one of the largest active global fixed income investment managers in the world, with over $1.91 trillion in assets under management as of 31 December 2013.[2] PIMCO is one of the largest bond investors in the world. The company runs the largest bond mutual fund in the U.S., and also provides portfolio management solutions outside of core-bonds, with investment strategies encompassing the entire risk spectrum, including equities, currencies, real assets and alternatives. PIMCO also has an ETF business, which had approximately $13.581 billion in assets under management, as of Jan. 21, 2014.[3]

Leadership[edit]

PIMCO is headed by Co-Founder and Chief Investment Officer (CIO) William H. Gross,[4] (better known as Bill Gross), PIMCO's CEO is Douglas Hodge, and the firm's President is Jay Jacobs. Pimco also has six Deputy CIOs: Andrew Balls, Dan Ivascyn, Mark Kiesel, Virginie Maisonneuve, Scott Mather and Mihir Worah.

Firm History[edit]

The firm was founded in 1971, launching with $12 million of assets. Previously, PIMCO had functioned as a unit of Pacific Life Insurance Co., managing separate accounts for that insurer's clients. In 2000, PIMCO was acquired by Allianz SE, a large global financial services company based in Munich, Germany, but the firm continues to operate as an autonomous subsidiary of Allianz.

PIMCO oversees investments on behalf of a wide range of clients, including millions of retirement savers, public and private pension plans, educational institutions, central banks and government agencies, foundations and endowments and financial intermediaries among others.

References[edit]

  1. ^ Mamudi, Sam, "Pimco COO blasts financial culture", MarketWatch, October 23, 2012. Retrieved 2012-10-24.
  2. ^ PIMCO Overview
  3. ^ "ETF League Table As Of Jan. 21, 2014". IndexUniverse. 
  4. ^ "Morningstar Names Bill Gross Fund Managers of the Decade" (Press release). [[]]. 

External links[edit]