PIMCO is a short of Pacific Investment Management Company. PIMCO is a global investment management and solutions firm headquartered in Newport Beach, California. Latest news, PIMCO started to sell off or even almost sold it's entire positions of US-bonds and related holdings.
PIMCO founded in 1971. It headquartered in Newport Beach, California. PIMCO is led by co-founder William H. Gross, who serves as Co-Chief Investment Officer, and Mohamed A. El-Erian, the other Co-CIO as well as the firm's CEO. PIMCO has mission: managing risk and delivering returns for our clients.
The founder, William H. Gross, manages the Total Return Fund, the world’s largest mutual fund with assets of $240.7 billion as of December 31, 2010. 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. Then, PIMCO was acquired by Allianz SE in 2000, but the firm continues to operate as an autonomous subsidiary of Allianz.
Now, PIMCO oversees investments totaling more than $1 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.
PIMCO has a website www.pimco.com, you can go there and get more information about the company, products, and services in investment management.
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