PIMCO
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PIMCO is a global investment management firm that primarily focuses on portfolio management, account management and business management. PIMCO specializes in fixed income securities and manages the internationally known Total Return Fund.
Investopedia Says:
PIMCO was founded in 1971 by Mohamed A El-Erian and bond expert Bill Gross. The firm has grown to be one of the largest asset management firms in the world, with approximately $1 trillion of assets under management.
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| Type | Subsidiary |
|---|---|
| Industry | Financial Services |
| Founded | 1971 |
| Headquarters | Newport Beach, California |
| Key people | William H. Gross, Co-Founder, Mohamed A. El-Erian, CEO |
| Products | Investment management |
| Revenue | Undisclosed to public |
| Employees | 2000+ |
| Parent | Allianz |
| Website | www.pimco.com |
Pacific Investment Management Company, LLC (commonly called PIMCO), is an investment firm headquartered in Newport Beach, California. PIMCO is led by co-founder William H. Gross,[1][2] (usually known as Bill Gross) who serves as Co-Chief Investment Officer, and Mohamed A. El-Erian, the other Co-CIO as well as the firm's CEO.[3] It is the world’s largest bond investor.[4]
Gross manages the Total Return Fund, the world’s largest mutual fund with assets of $242.7 billion as of June 30, 2011.[5] He co-founded the firm 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,[6] a large global financial services company based in Germany, but the firm continues to operate as an autonomous subsidiary of Allianz.
PIMCO oversees investments totaling more than $1.7 trillion on behalf of a wide range of clients, including millions of retirement savers, public and private pension plans, educational institutions, central banks, foundations and endowments, among others.
References
- ^ "Morningstar Names Bruce Berkowitz, David Herro, and Bill Gross Fund Managers of the Decade" (Press release). Morningstar, Inc.. January 12, 2010. http://corporate.morningstar.com/us/asp/subject.aspx?xmlfile=174.xml&filter=PR4459. Retrieved May 12, 2011.
- ^ Machan, Dyan (July 14, 2009). "The World's Greatest Investors: Gross". SmartMoney. The Wall Street Journal. http://www.smartmoney.com/invest/funds/the-worlds-greatest-investors-bill-gross/. Retrieved May 12, 2011.
- ^ "PIMCO Announces Mohamed El-Erian to Rejoin Firm as Co-CEO, Co-CIO" (Press release). PIMCO. September 11, 2007. http://www.pimco.com/EN/PressReleases/Pages/PressRelease9112007.aspx. Retrieved May 12, 2011.
- ^ Non-members: Look at it this way: The euro crisis is a threat to non-members too, by The Economist, 12 Nov 2011.
- ^ "PIMCO Total Return Fund Overview". Money: Mutual Funds. U.S. News & World Report. http://money.usnews.com/funds/pimco-total-return-fund/pttax. Retrieved May 13, 2011.
- ^ "Allianz completes acquisition of PIMCO Advisors" (Press release). Allianz. May 5, 2000. https://www.allianz.com/en/press/news/financial_news/stakes_and_investments/news182.html. Retrieved May 13, 2011.
External links
- Company home page
- Yahoo! – Pacific Investment Management Company LLC Company Profile
- Bloomberg – Pimco to focus on global funds
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