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Bill Gross manages the Total Return Fund, with assets of US$237.3 billion as of 30 September 2013. Mr. Gross is the author of numerous articles on the bond market, as well as the book, "Everything You’ve Heard About Investing is Wrong," published in 1997. Among the awards he has received, Morningstar named Mr. Gross and his investment team Fixed Income Manager of the Decade for 2000-2009 and Fixed Income Manager of the Year for 1998, 2000, and 2007 (the first three-time recipient). He received the Bond Market Association’s Distinguished Service Award in 2000 and became the first portfolio manager inducted into the Fixed Income Analysts Society's hall of fame in 1996. Mr. Gross is a nine-time Barron's Roundtable panelist (2005-2013), appearing in the annual issue featuring the industry's top investment experts, and he received the Money Management Lifetime Achievement Award from Institutional Investor magazine in 2011. In a survey conducted by Pensions and Investments magazine in 1993, he was recognized by his peers as the most influential authority on the bond market in the U.S. He has 43 years of investment experience and holds an MBA from the Anderson School of Management at the University of California, Los Angeles. He received his undergraduate degree from Duke University. <ref>{{cite web|title=PIMCO Total Return Fund Overview|url=http://money.usnews.com/funds/pimco-total-return-fund/pttax|work=Money: Mutual Funds|publisher=[[U.S. News & World Report]]|accessdate=May 13, 2011}}</ref>
Bill Gross manages the Total Return Fund, with assets of US$237.3 billion as of 30 September 2013. Mr. Gross is the author of numerous articles on the bond market, as well as the book, "Everything You’ve Heard About Investing is Wrong," published in 1997. Among the awards he has received, Morningstar named Mr. Gross and his investment team Fixed Income Manager of the Decade for 2000-2009 and Fixed Income Manager of the Year for 1998, 2000, and 2007 (the first three-time recipient). He received the Bond Market Association’s Distinguished Service Award in 2000 and became the first portfolio manager inducted into the Fixed Income Analysts Society's hall of fame in 1996. Mr. Gross is a nine-time Barron's Roundtable panelist (2005-2013), appearing in the annual issue featuring the industry's top investment experts, and he received the Money Management Lifetime Achievement Award from Institutional Investor magazine in 2011. In a survey conducted by Pensions and Investments magazine in 1993, he was recognized by his peers as the most influential authority on the bond market in the U.S. He has 43 years of investment experience and holds an MBA from the Anderson School of Management at the University of California, Los Angeles. He received his undergraduate degree from Duke University. <ref>{{cite web|title=PIMCO Total Return Fund Overview|url=http://money.usnews.com/funds/pimco-total-return-fund/pttax|work=Money: Mutual Funds|publisher=[[U.S. News & World Report]]|accessdate=May 13, 2011}}</ref>


[[Mohamed El-Erian]] who is CEO and Co-CIO, re-joined PIMCO at the end of 2007 after serving for two years as president and CEO of Harvard Management Company, the entity that manages Harvard’s endowment and related accounts. Dr. El-Erian also served as a member of the faculty of Harvard Business School. He first joined PIMCO in 1999 and was a senior member of PIMCO's portfolio management and investment strategy group. Before coming to PIMCO, Dr. El-Erian was a managing director at Salomon Smith Barney/Citigroup in London and before that, he spent 15 years at the International Monetary Fund in Washington, D.C. Dr. El-Erian has published widely on international economic and finance topics. His book, "When Markets Collide," was a New York Times and Wall Street Journal bestseller, won the Financial Times/Goldman Sachs 2008 Business Book of the Year and was named a book of the year by The Economist and one of the best business books of all time by the Independent (UK). He was named to Foreign Policy’s list of “Top 100 Global Thinkers” for 2009, 2010, 2011 and 2012. Dr. El-Erian has served on several boards and committees, including the U.S. Treasury Borrowing Advisory Committee, the International Center for Research on Women, the Peterson Institute for International Economics and the IMF's Committee of Eminent Persons. In December 2012, he was appointed Chair of the President’s Global Development Council. He is currently a board member of the NBER, where he serves on the Executive Committee, as well as the Carnegie Endowment for International Peace. He holds a master's degree and doctorate in economics from Oxford University and received his undergraduate degree from Cambridge University.
[[Mohamed El-Erian]] who is CEO and Co-CIO, re-joined PIMCO at the end of 2007 after serving for two years as president and CEO of Harvard Management Company, the entity that manages Harvard’s endowment and related accounts. Dr. El-Erian also served as a member of the faculty of Harvard Business School. He first joined PIMCO in 1999 and was a senior member of PIMCO's portfolio management and investment strategy group. Before coming to PIMCO, Dr. El-Erian was a managing director at Salomon Smith Barney/Citigroup in London and before that, he spent 15 years at the International Monetary Fund in Washington, D.C. Dr. El-Erian has published widely on international economic and finance topics. His book, "When Markets Collide," was a New York Times and Wall Street Journal bestseller, won the Financial Times/Goldman Sachs 2008 Business Book of the Year and was named a book of the year by The Economist and one of the best business books of all time by the Independent (UK). He was named to Foreign Policy’s list of “Top 100 Global Thinkers” for 2009, 2010, 2011 and 2012. Dr. El-Erian has served on several boards and committees, including the U.S. Treasury Borrowing Advisory Committee, the International Center for Research on Women, the Peterson Institute for International Economics and the IMF's Committee of Eminent Persons. In December 2012, he was appointed Chair of the President’s Global Development Council. He is currently a board member of the NBER, where he serves on the Executive Committee, as well as the Carnegie Endowment for International Peace. He holds a master's degree and doctorate in economics from Oxford University and received his undergraduate degree from Cambridge University. El-Erian unexpectedly announced his resignation as CEO on Jan 21, 2014


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]],<ref>{{Cite press release|title =Allianz completes acquisition of PIMCO Advisors|publisher=[[Allianz]]|date=May 5, 2000| url =https://www.allianz.com/en/press/news/financial_news/stakes_and_investments/news182.html|accessdate =May 13, 2011}}</ref> a large global financial services company based in Munich, Germany, but the firm continues to operate as an autonomous subsidiary of Allianz.
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]],<ref>{{Cite press release|title =Allianz completes acquisition of PIMCO Advisors|publisher=[[Allianz]]|date=May 5, 2000| url =https://www.allianz.com/en/press/news/financial_news/stakes_and_investments/news182.html|accessdate =May 13, 2011}}</ref> a large global financial services company based in Munich, Germany, but the firm continues to operate as an autonomous subsidiary of Allianz.
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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.
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.



El-Erian unexpectedly announced his resignation as CEO on Jan 21, 2014


==References==
==References==

Revision as of 07:11, 22 January 2014

Pacific Investment Management Company
Company typeSubsidiary
IndustryFinancial Services
Founded1971
Headquarters
Newport Beach, California, U.S.
Key people
William H. Gross, Co-Founder, Mohamed A. El-Erian, CEO, Douglas Hodge, COO[1]
ProductsInvestment management
RevenueUndisclosed to public
Number of employees
2000+
ParentAllianz
Websitewww.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 professionals working in 13 offices across 12 countries. PIMCO is one of the largest active global fixed income investment managers in the world, with over [2] $1.97 trillion in assets under management as of 30 September 2013. [3] PIMCO is reputed for being a thought leader in the global markets, and as one of the largest bond investors in the world. The company runs the largest bond mutual fund globally, the PIMCO Total Return Bond Fund, 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. [4]

PIMCO is headed by Co-Founder and Co-Chief Investment Officer (Co-CIO) William H. Gross,[5][6] (better known as Bill Gross[7]), and Mohamed A. El-Erian, who serves as the other Co-CIO and the firm's Chief Executive Officer (CEO).[8] PIMCO's COO is Douglas Hodge and its head of European operations is Andrew Balls, the brother of the British shadow chancellor Ed Balls.[9]

Bill Gross manages the Total Return Fund, with assets of US$237.3 billion as of 30 September 2013. Mr. Gross is the author of numerous articles on the bond market, as well as the book, "Everything You’ve Heard About Investing is Wrong," published in 1997. Among the awards he has received, Morningstar named Mr. Gross and his investment team Fixed Income Manager of the Decade for 2000-2009 and Fixed Income Manager of the Year for 1998, 2000, and 2007 (the first three-time recipient). He received the Bond Market Association’s Distinguished Service Award in 2000 and became the first portfolio manager inducted into the Fixed Income Analysts Society's hall of fame in 1996. Mr. Gross is a nine-time Barron's Roundtable panelist (2005-2013), appearing in the annual issue featuring the industry's top investment experts, and he received the Money Management Lifetime Achievement Award from Institutional Investor magazine in 2011. In a survey conducted by Pensions and Investments magazine in 1993, he was recognized by his peers as the most influential authority on the bond market in the U.S. He has 43 years of investment experience and holds an MBA from the Anderson School of Management at the University of California, Los Angeles. He received his undergraduate degree from Duke University. [10]

Mohamed El-Erian who is CEO and Co-CIO, re-joined PIMCO at the end of 2007 after serving for two years as president and CEO of Harvard Management Company, the entity that manages Harvard’s endowment and related accounts. Dr. El-Erian also served as a member of the faculty of Harvard Business School. He first joined PIMCO in 1999 and was a senior member of PIMCO's portfolio management and investment strategy group. Before coming to PIMCO, Dr. El-Erian was a managing director at Salomon Smith Barney/Citigroup in London and before that, he spent 15 years at the International Monetary Fund in Washington, D.C. Dr. El-Erian has published widely on international economic and finance topics. His book, "When Markets Collide," was a New York Times and Wall Street Journal bestseller, won the Financial Times/Goldman Sachs 2008 Business Book of the Year and was named a book of the year by The Economist and one of the best business books of all time by the Independent (UK). He was named to Foreign Policy’s list of “Top 100 Global Thinkers” for 2009, 2010, 2011 and 2012. Dr. El-Erian has served on several boards and committees, including the U.S. Treasury Borrowing Advisory Committee, the International Center for Research on Women, the Peterson Institute for International Economics and the IMF's Committee of Eminent Persons. In December 2012, he was appointed Chair of the President’s Global Development Council. He is currently a board member of the NBER, where he serves on the Executive Committee, as well as the Carnegie Endowment for International Peace. He holds a master's degree and doctorate in economics from Oxford University and received his undergraduate degree from Cambridge University. El-Erian unexpectedly announced his resignation as CEO on Jan 21, 2014

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,[11] 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

  1. ^ Mamudi, Sam, "Pimco COO blasts financial culture", MarketWatch, October 23, 2012. Retrieved 2012-10-24.
  2. ^ PIMCO
  3. ^ PIMCO Overview
  4. ^ Non-members: Look at it this way: The euro crisis is a threat to non-members too, by The Economist, 12 Nov 2011.
  5. ^ "Morningstar Names Bruce Berkowitz, David Herro, and Bill Gross Fund Managers of the Decade" (Press release). Morningstar, Inc. January 12, 2010. Retrieved May 12, 2011.
  6. ^ Machan, Dyan (July 14, 2009). "The World's Greatest Investors: Gross". SmartMoney. The Wall Street Journal. Retrieved May 12, 2011.
  7. ^ "Pimco Total Return ETF". Bloomberg. Retrieved 31 May 2013.
  8. ^ "PIMCO Announces Mohamed El-Erian to Rejoin Firm as Co-CEO, Co-CIO" (Press release). PIMCO. September 11, 2007. Retrieved May 12, 2011.
  9. ^ http://www.theguardian.com/business/2012/mar/02/bonds-government-borrowing
  10. ^ "PIMCO Total Return Fund Overview". Money: Mutual Funds. U.S. News & World Report. Retrieved May 13, 2011.
  11. ^ "Allianz completes acquisition of PIMCO Advisors" (Press release). Allianz. May 5, 2000. Retrieved May 13, 2011.

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