PIMCO
Parent Allianz | |
Pacific Investment Management Company, LLC is an American investment management firm focusing on active fixed income management worldwide. PIMCO manages investments in many asset classes such as fixed income, equities, commodities, asset allocation, ETFs, hedge funds, and private equity. PIMCO is one of the largest investment managers, actively managing more than $2 trillion in assets for central banks, sovereign wealth funds, pension funds, corporations, foundations and endowments, and individual investors around the world. According to the Sovereign Wealth Fund Institute, PIMCO is the 6th-largest asset manager in the world by managed AUM.[4]
PIMCO's headquarters are in Newport Beach, California, near the Pacific Ocean. The firm has over 3,100 employees working in 22 offices throughout the Americas, Europe, and Asia.[3] PIMCO and Allianz Global Investors manage around €2.5 trillion of third-party assets.[5] PIMCO is also the world's largest active ETF manager (as well as one of the first to introduce actively managed ETFs).[6]
History
PIMCO initially functioned as a unit of
On September 26, 2014, it was announced that
Leadership
PIMCO appointed
the members of their global advisory board members are:- Ben Bernanke, former Federal Reserve Chair and Distinguished Senior Fellow at the Brookings Institution.
- Joshua Bolten, President and CEO of the Business Roundtable and former White House Chief of Staff.
- Gordon Brown, former UK Prime Minister and former Chancellor of the Exchequer.
- Mark Carney, UN Special Envoy on Climate Action and Finance, former Governor of the Bank of England, former Governor of the Bank of Canada.
- Michèle Flournoy, U.S. defense policy and national security expert, former U.S. Under Secretary of Defense for Policy.
Apart from the board,
Influence
Often referred to as a "Wall Street giant" and "bond powerhouse" PIMCO commands significant influence in the financial industry, particularly in fixed income.[15] [16] The PIMCO Income Fund (NASDAQ:PIMIX) is the largest actively managed bond fund in the world.[17]
According to data from Morningstar, PIMCO oversees a substantial portion of the world's largest actively managed bond funds, with three out of the top ten funds under its management, including the largest.[18] Under Morningstar's rating system, 42 of PIMCO's mutual funds hold a 5-Star rating, and 90 funds hold a 4-Star rating.[19]
Notable Employees
Notable former or current employees include:
- Mohamed A. El-Erian
- Bill H. Gross
- John J. Studzinski
- Richard Clarida
- Neel Kashkari
- Andrew Balls
- Emmanuel Roman
- Robert D. Arnott
- Daniel Lacalle
- Daniel Ivascyn
- Jamil Baz
- Ramin Toloui
- Ng Kok Song
- Jean-Claude Trichet
References
- ^ a b c d Grind, Kirsten; Calia, Michael (26 September 2014). "Bill Gross Leaves Pimco for Janus". Markets. The Wall Street Journal.(subscription required)
- ^ "Our Firm". PIMCO. Archived from the original on 2 May 2022. Retrieved 24 May 2022.
- ^ a b "Our Firm (Careers)". PIMCO. Archived from the original on 24 May 2022. Retrieved 24 May 2022.
- ^ "Top 100 Asset Manager Managers by Managed AUM - SWFI". SWFI.
- ^ "The Allianz Advantage". www.allianzcapitalpartners.com.
- ^ "Who We are". PIMCO. Retrieved 24 January 2024.
- ^ McCrum, Dan (11 September 2011). "Allianz's decision on Pimco raises eyebrows". Financial Times.
- ^ Ablan, Jennifer; Ten Wolde, Harro (6 September 2011). "PIMCO gains greater autonomy in Allianz revamp". Reuters.
- ^ "Pimco recruits ex-Federal Reserve chairman Ben Bernanke". The Guardian. 29 April 2015. Retrieved 23 July 2018.
- ^ Gittelsohn John (20 July 2016). "Pimco Names Man Group's Chief Emmanuel Roman as Its New CEO". Bloomberg News.
- ^ "Pimco: The man who replaced Mohamed". Financial Times. 28 February 2014. Retrieved 2020-05-27.
- ^ "Global Advisory Board". PIMCO. Retrieved 24 January 2024.
- ^ Childs, Mary (2 December 2014). "Pimco Total Return Withdrawals Slow to $9.5 Billion". Bloomberg Businessweek. United States. Archived from the original on December 7, 2014.
- ^ "Firm Leadership". PIMCO. Retrieved September 9, 2018.
- ^ Stokes, Samantha. "Wall Street giants like JPMorgan and Pimco are walking back their environmental pledges after years of outspoken support for fighting climate change". Business Insider. Business Insider.
- ^ Youing, Lauren. "Should Bond Powerhouse Pimco Jump into Stocks?". Bloomberg.
- ^ Mackenzie, Michael (15 November 2023). "Pimco's Ivascyn Warns of 'Too Much Enthusiasm' on 2024 Rate Cuts". Bloomberg. Bloomberg. Retrieved 24 January 2024.
- ^ Lynch, Katherine (5 October 2023). "How the Largest Bond Funds Did In Q3 2023". Morningstar. Retrieved 5 October 2023.
- ^ "PIMCO-Morningstar". Morningstar.
External links
Media related to PIMCO at Wikimedia Commons