PIMCO

Pacific Investment Management Company LLC
	File:PimcoHQCloseup.jpg PIMCO's headquarters located at 650 Newport Center Drive in Newport Beach, California
Company type	Limited liability company
Industry	Financial services
Founded	1971
Founders	Bill Gross; Jim Muzzy; Bill Podlich
Headquarters	Newport Beach, California, U.S.
Key people	Emmanuel Roman (CEO); Dan Ivascyn (CIO);
Services	Investment management
AUM	Template:US$ (March 31, 2022)
Number of employees	3,145+
Parent	Allianz SE
Website	www.pimco.com

Pacific Investment Management Company LLC (commonly known as PIMCO) is a U.S.-based asset management firm with a core focus on active global fixed income investment strategies. The company oversees assets exceeding $2 trillion across diverse categories such as fixed income, equities, and various financial instruments, serving clients that include central banks, sovereign wealth funds, pension plans, corporations, foundations, endowments, and private investors. By assets under management (AUM), PIMCO ranks as the sixth largest asset manager worldwide.

PIMCO’s main office is situated in Newport Beach, California, and it employs more than 3,100 professionals distributed among 22 offices spanning the Americas, Europe, and Asia. Operating as a subsidiary of Allianz SE, PIMCO works in conjunction with Allianz Global Investors to oversee roughly €2.5 trillion in third-party assets. It also holds the distinction of being the largest active manager of ETFs globally and was among the early adopters of actively managed ETF products.

History

Established in 1971 as a division within Pacific Life Insurance Company, PIMCO began managing $12 million in assets. The firm was acquired by the international financial services group Allianz SE in 2000 but has maintained operational independence since then.

In September 2014, co-founder and former chief investment officer Bill Gross—widely referred to as the "Bond King"—left PIMCO to join Janus Capital Group. The following year in April 2015, PIMCO enhanced its strategic leadership by bringing on board former Federal Reserve Chairman Dr. Ben Bernanke as a senior advisor, continuing the precedent set by his predecessor Alan Greenspan.

Leadership

On November 1, 2016, Emmanuel Roman took over as CEO of PIMCO, succeeding Douglas M. Hodge, who served from 2014 until 2016. The firm's global advisory board features prominent figures such as Joshua Bolten, President and CEO of the Business Roundtable; former UK Prime Minister Gordon Brown; national security specialist Michèle Flournoy; and economist Raghuram Rajan.

The role of Group Chief Investment Officer is held by Dan Ivascyn, who directs portfolio management and investment strategy with assistance from five additional CIOs focusing on areas including fixed income, credit strategies, core investments, alternative strategies, and portfolio implementation.

Influence

PIMCO is widely acknowledged as a major force on Wall Street and a leader in bond investing. Its flagship product, the PIMCO Income Fund (NASDAQ:PIMIX), stands as the largest actively managed bond fund globally. Morningstar recognizes PIMCO for managing three of the top ten actively managed bond funds worldwide—among them the largest—with 42 funds awarded a 5-Star rating and 90 funds rated 4-Star under their evaluation system.

In 2025, PIMCO significantly expanded its private lending activities by extending nearly $6 billion in loans to emerging market governments including Panama, the Dominican Republic, Saudi Arabia, and Qatar. This initiative responds to increasing demand for adaptable private credit solutions amid volatile markets and disruptions in capital markets. U.S.-based insurance companies represent key investors seeking more secure alternatives during periods of equity market instability.

This approach bolsters PIMCO’s competitive positioning within global fixed income markets while deepening its footprint in emerging economies through targeted private credit investments.

Distinguished Personnel

The firm has been home to a number of prominent business figures and senior executives, including:

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