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PACIFIC INVESTMENT MGMT. CO

840 NEWPORT CENTER DRIVE, SUITE 360
NEWPORT BEACH, California 92658-6430
United States
 
Contact :      Mr. BRENT HARRIS
Phone :       949-720-6000
Fax :             949-720-6399
Email :         harris@pimco.com
Web :           http://www.pimco.com

PACIFIC INVESTMENT MGMT. CO Information

Type of organization :
Total Assets Managed ($Mil) : $219,771
Tax-Exempt Managed ($Mil) : $0
Taxable Assets Managed ($Mil) :
Year Founded : 1971
Wrap Programs Offered? : No
# of Accounts Managed : 670
In-House Research : %
Carries liability insurance? : No
Errors & Omission Insurance? : No
Socially Responsible? : No
Minority Owned? : No
Wrap Program Description  
In $ Thousands

PACIFIC INVESTMENT MGMT. CO History

Pacific Investment Management Company (PIMCO) is an institutional money manager specializing in fixed income management. PIMCO was established in 1971 as a subsidiary of Pacific Mutual (now known as Pacific Life) to expand the services of its parent to include separate account management of employee benefit plans, foundations and endowments. By 1982, PIMCO was operating completely independently from Pacific Mutual and located on separate premises. In 1994, PIMCO bought and merged with Thomson Advisory Group, a publicly traded institutional manager, to form PIMCO Advisors L.P. (PALP). On May 5, 2000 Allianz AG (Allianz), based in Munich, Germany, one of the world’s largest insurance companies, purchased a majority 70% stake in PIMCO’s parent, PALP. Pacific Life Insurance Company retains a 30% minority interest in PALP. As a result of this transaction, PIMCO is now the global fixed income management leader for Allianz, operating as a separate, autonomous subsidiary. Allianz is committed to the people and process that have guided PIMCO’s success over the years. PIMCO remains entirely focused on fixed income and we have complete control of our investment process. We continue to operate under the PIMCO banner and remain headquartered in Newport Beach, CA. Although PIMCO employees do not own actual equity in the firm, they hold phantom equity in the form of a profit sharing pool that totals approximately 40% of PIMCO’s profits. Key professionals have been compensated under this profit sharing arrangement since the early 1980’s. Investment professionals and key administrative officers employed at the time of the Allianz merger received annual retention bonuses over a period of up to twelve years. PIMCO has enjoyed a stable organization throughout its 30-year history. Most of the professionals who were instrumental in the firm’s founding and subsequent growth are still active in its management.

Assets by Client Category Professional Categories
Assets   # of Clients Amount ($Mil)  
Individuals/Trusts :
 
Limited Partnership :
 
Foundations :
ERISA :
Unions, Taft-Hartley :
Public :
Others :
Total # of Professional : Analysts :
Portfolio Managers : Traders :
Client Service : Operation :

PACIFIC INVESTMENT MGMT. CO Personnel

Mr.  BRENT HARRIS

Client Contact
Tel : 949-640-3031
Email: harris@pimco.com

Ms.  Colleen Cowell

Marketing Director
Tel : (949) 720-6030
Email: colleen.cowell@pimco.com
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PACIFIC INVESTMENT MGMT. CO Product Name

Report Created: September,28 2020.  Copyright Money Manager Review , All rights Reserved.
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