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MFWire: Pimco Funds, Pimco ETFs
MUTUAL FUND FAMILY PROFILES [BETA]
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Pimco
840 Newport Center Drive
Suite 100
Newport Beach, CA  92660
Google Maps

Contact
Main Phone: 949-720-4761
Web Site: http://www.pimco.com

Mutual Fund Brand(s)
Pimco Funds, Pimco ETFs

Research Links
Stock Data: SEC Filings | Yahoo! Quote
  • SEC Fund Filings by CIK

  • Background:
    Pimco is the nation's largest manager of bond mutual funds and the sponsor of the Pimco Total Return Fund. Owned by Germany's Allianz, Pimco claimed $1.97 trillion in total AUM as of June 2014.

    Leadership

    Founder Bill Gross was the motive force at Pimco from its creation in 1971 through and after its purchase by Allianz in 1999. Gross remained with Pimco through September 26, 2014, when he resigned to take a senior post at Janus Capital. Daniel Ivascyn replaced Gross as Group CIO while Scott Mather, Mark Kiesel and Mihir Worah, took over as co-PMs of Total Return.

    In March 2014, CEO Mohammed El-Erian resigned his post at Pimco after a spat with CIO Bill Gross. El-Erian retained a post at Allianz. Doug Hodge took over as CEO replacing El-Erian.

    Pimco hired Neel Kashkari, famous for leading the Treasury's TARP om 2008 and 2009, to lead a push into the equity market starting in late 2009. Virginie Maisonneuve joined Pimco from Schroders in 2013 after Kashkari left in January of that year to explore a run for the governorship of California.

    History

    "Bond King" Willam Gross and Pacific Life Insurance Company created Pimco in 1971 to manage its separate accounts for institutional clients.

    Pacific Mutual Life spun off Pimco Advisors LP in 1994 while retaining a 30 percent ownership in the asset manager. As part of the spin-off, Pimco Advisors LP had consolidated into one investment management organization through its deals with Pacific Investment Management Co., Columbus Circle Investors (sold off in 1999), Cadence Capital Management (sold off in 2005), and Blairlogie Capital Management (sold off in 1998). In 1997, the company completed the acquisition of Oppenheimer Capital LP, which become a wholly-owned subsidiary.

    Purchase by Allianz

    On May 5, 2000, the German insurer Allianz SE purchased a 70 percent stake in Pimco Advisors with Pacific Life Insurance retaining its 30 percent stake. Allianz paid $3.3 billion1, or $38.75 per unit, valuing the entire firm at $4.7 billion at the time. At the time of the deal Pimco managed $256 billion, pegging the deal price at 1.84 percent of AUM.

    At that time Gross, then-CEO Bill Cvengros and other top managers reportedly sold their 22 percent stake in the company. Gross' share was would have been worth $26 million

    In 2003, Allianz and Pacific Life, which still holds 30 percent of Pimco's stake, agreed to keep intact the ownership structure in the coming years.

    On July 27, 2010, Pimco and Allianz Global Investors Distributors executives announced via a letter to financial advisors that starting early 2011, AGID will no longer distribute Pimco funds. Distribution will move to a new broker-dealer that Pimco is setting up called Pimco Investments and Jon Short will run the b-d out of New York. Pimco announced the launch of Pimco Investments on February 14, 2011.

    ETFs

    As a fixed-income specialist, Pimco skipped the race into equity ETFs. However, it became a leader in bond ETFs when it listed the ETF version of Total Return on March 1, 2012.
    1 Pimco to Sell Majority Stake to Allianz, Los Angeles Times, November 1, 1999
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    Key People:
    Dan Ivascyn
    Group Chief Investment Officer, PIMCO Funds Distributors
    Emmanuel Roman
    Chief Executive Officer, PIMCO Funds Distributors ( Pacific Investment Management Company LLC)
    Jay Jacobs
    President, PIMCO Funds Distributors
    Brent Harris
    Managing Director, Pimco
    Jennifer Bridwell
    Global Head of Alternatives Products, PIMCO Funds Distributors ( Pacific Investment Management Company LLC)
    Andrew Balls
    Chief Investment Officer Global, PIMCO Funds Distributors
    Scott Mather
    Chief Investment Officer U.S. Core Strategies, PIMCO Funds Distributors
    Mihir Worah
    Chief Investment Officer Real Return and Asset Allocation, PIMCO Funds Distributors
    David Flattum
    General Counsel, PIMCO
    Drew Vaden
    Chief Technology Officer, PIMCO Funds Distributors
    Peter Strelow
    Managing Director, Global Head, Funds Business Group, Pimco
    Story Archive for Pimco
    Published On Story Headline Publication
    3/24/2017 Vanguard, Nuveen, and Morgan Stanley Win Big in Gotham MFWire.com
    2/23/2017 The New Fund Fuss - February 23, 2017 MFWire.com
    2/1/2017 Hunting For Pimco's Future, Without an Allianz Global Investors Merger MFWire.com
    1/19/2017 Vanguard, BlackRock, and SSgA Won 2016 MFWire.com
    1/9/2017 Pimco Feels the Pain of Its Fourth Big Equity Push MFWire.com
    1/4/2017 Follow the Fundsters - January 4, 2017 MFWire.com
    12/9/2016 Filings for Fundsters - December 9, 2016 MFWire.com
    12/2/2016 SEC Smites Pimco For $20MM Over BOND MFWire.com
    11/22/2016 Filings for Fundsters - November 22, 2016 MFWire.com
    11/15/2016 Filings for Fundsters - November 15, 2016 MFWire.com
    11/4/2016 Will TCW Take This Crown? MFWire.com
    11/3/2016 Filings for Fundsters - November 3, 2016 MFWire.com
    10/27/2016 People on the Move - October 27, 2016 MFWire.com
    10/3/2016 Filings for Fundsters - October 3, 2016 MFWire.com
    9/16/2016 In Gross vs Pimco, Who's Playing Hide the Ball? MFWire.com
    8/5/2016 No Further Pimco Cuts Planned For Now MFWire.com
    7/27/2016 People on the Move -- July 27, 2016 MFWire.com
    7/26/2016 Pimco's New Chief, "Subtle and Discreet" MFWire.com
    7/25/2016 Stork and Reaper -- July 25, 2016 MFWire.com
    7/20/2016 Meet the Man Taking Over Pimco MFWire.com
    6/17/2016 GMO and Pimco Slim Down MFWire.com
    6/13/2016 Another Pimco DC I-O Alum Heads to BlackRock 401kWire.com
    6/10/2016 M* 2016 Preview MFWire.com
    6/8/2016 Pimco's Muni Bond Co-Chief Retires MFWire.com
    5/31/2016 Bill Gross' Successor Adds Another Hat MFWire.com
    5/16/2016 Seven Months and Counting: Vanguard Is Still On Top MFWire.com
    4/14/2016 DoubleLine, AB, and BlackRock Killed It In March MFWire.com
    3/23/2016 101 Fund Families Win in Gotham MFWire.com
    3/18/2016 DoubleLine and AB Crush It MFWire.com
    3/15/2016 Pimco, BlackRock, and Janus vs ... Everybody Else? MFWire.com
    3/11/2016 Allianz's Baete Finishes His Hunt For a New Pimco-Allianz GI Uber-Boss MFWire.com
    1/28/2016 NT and Pimco Team Up 401kWire.com
    1/27/2016 More Than 300 Fundsters Make Headlines For Charity In the Big Apple MFWire.com
    1/26/2016 Lovelace Wins, And Another Fund Giant Wins Twice MFWire.com
    1/19/2016 Which Fund Firm Won 2015? MFWire.com
    1/12/2016 PMs For 12 Fund Firms Catch M*'s Eye MFWire.com
    1/7/2016 Pimco Reverses a 31-Month Trend as Layoff Rumors Persist MFWire.com
    12/28/2015 Multinationals Have Four 401k Priorities 401kWire.com
    12/23/2015 Pimco's Chief Quant Tries Something New MFWire.com
    12/16/2015 M*: Vanguard and iShares Have Dominated This Year MFWire.com
    12/8/2015 Meet Pimco's New Brain Trust, Complete With an Ex Prime Minister and Two Former Central Bank Chiefs MFWire.com
    11/25/2015 Hodge Shares His Pimco Vision: More Risk, and More International MFWire.com
    11/16/2015 Vanguard Retakes the Lead MFWire.com
    11/10/2015 Pimco to Gross: Get Over Us Already! MFWire.com
    11/6/2015 Hodge Picks a Successor For Pimco's Retiring Product Chief MFWire.com
    10/19/2015 For the First Time In 2015, Somebody Beat Vanguard MFWire.com
    10/13/2015 PacLife Mourns a Key Figure in Pimco's Birth MFWire.com
    10/8/2015 Gross v. Pimco: A Nine-Figure Fight Begins MFWire.com
    9/25/2015 More Than 2,000 Advisors Converge on Beantown MFWire.com
    9/17/2015 12 Fund Firms Suffer More Than $1B In Outflows, Each MFWire.com
    9/10/2015 Hodge Ponders Layoffs MFWire.com
    8/28/2015 These Are the Hot ESG Fund Families of 2015, So Far MFWire.com
    8/14/2015 SSgA Turns Its Flows Around, In a Big Way MFWire.com
    8/12/2015 Which ESG Shops Killed It For the Past 10 Years? MFWire.com
    8/11/2015 28 Fund Firms Are Paying Morgan Stanley At Least $1MM MFWire.com
    8/3/2015 10 Months Later, Pimco Receives a Wells Notice MFWire.com
    7/20/2015 WisdomTree, JPMAM, and DoubleLine Had a Big June MFWire.com
    7/1/2015 You'll Never Guess What Gross' 401k Substitute Is MFWire.com
    6/18/2015 WisdomTree and SEI Won Big In May MFWire.com
    5/19/2015 111 Percent of Net Inflows Last Month Went Into Just Two Firms MFWire.com
    5/5/2015 The World's Biggest Bond Mutual Fund Now Is ... MFWire.com
    5/1/2015 Does Pimco's Mr. Outside Need to Get Out More? MFWire.com
    4/29/2015 Hodge Hires an Ex-Fed Chairman MFWire.com
    4/20/2015 It Takes a Village ... To Stage a Mutual Fund Firm Comeback MFWire.com
    4/17/2015 7 Titans Swallow 88 Percent of Inflows MFWire.com
    4/1/2015 Cap Group, Fidelity, and Pimco Break Out the Champagne MFWire.com
    3/30/2015 Bill Gross, aka the "Stress Test" MFWire.com
    3/26/2015 Will Hodge Wear Sunglasses For M*? MFWire.com
    3/13/2015 This Pimco Vet Will Lead Principal's Active ETF Charge MFWire.com
    2/23/2015 Gross' Knight Economist Leaves Camelot, Again MFWire.com
    2/17/2015 Vanguard, TCW, and DoubleLine Win January MFWire.com
    2/9/2015 Where Are Pimco's 401k Dollars Flowing? MFWire.com
    1/20/2015 Bill Gross' $100MM Habit MFWire.com
    1/14/2015 MetWest and Vanguard Had 2014's Hottest Funds MFWire.com
    1/14/2015 Grossed Out MFWire.com
    1/13/2015 Pimco Blindsided Gross MFWire.com
    12/31/2014 Pimco Fires a PM Over Personal Trading MFWire.com
    12/12/2014 Vanguard and iShares Have 8 of the 10 Hottest ETFs MFWire.com
    12/1/2014 I SPY the 2nd Largest Mutual Fund MFWire.com
    11/21/2014 The Ten Biggest Fund Shops Now Control 58 Percent of the Assets MFWire.com
    11/20/2014 Funds From MetWest, Dodge & Cox, BlackRock, DoubleLine and Baird Rake It In MFWire.com
    11/17/2014 "We Are Pimco." Are You? MFWire.com
    11/14/2014 The Quarter-Billion-Dollar Man MFWire.com
    11/5/2014 The Gross Fallout? $1 Billion a Day MFWire.com
    10/22/2014 And Now Class Action Lawyers Are Circling Pimco MFWire.com
    10/16/2014 Fink Vs. That Unnamed West Coast Bond Fund Shop MFWire.com
    10/6/2014 The Bond Dream Team That Almost Was MFWire.com
    10/1/2014 As Gross Departs, BOND's Pain is iShares' Gain MFWire.com
    9/29/2014 Gross Puts Money in Motion MFWire.com
    9/29/2014 Who is Dan Ivascyn? MFWire.com
    9/26/2014 "PIMCO Has Activated Its Succession Plan" MFWire.com
    9/26/2014 Why Did Gross Do It? MFWire.com
    9/26/2014 Gross Jumps MFWire.com
    9/24/2014 SEC Totally Probes Pimco MFWire.com
    9/24/2014 Daughter was El-Erian's Choice MFWire.com
    6/19/2014 Did Bill Gross Need More Red Queens? MFWire.com
    5/8/2014 Allianz CEO Tells Pimco Critics to Shut It MFWire.com
    3/21/2014 Is Doug Hodge the Best Grownup for Pimco? MFWire.com
    3/12/2014 Is Bill Grossly Overpaid? MFWire.com
    3/10/2014 Can the Bond King Uphold His Throne With Equities? MFWire.com
    3/7/2014 Another Gross Error...Or Was It? MFWire.com
    2/18/2014 What is El-Erian's Next Move? MFWire.com
    1/30/2014 Do Six Deputy CIOs Equal One El-Erian? MFWire.com
    1/10/2014 Bond King Likes ETFs in the War on Bonds MFWire.com
    1/10/2014 Bond ETFs Outpulled Bond Funds in 2013 MFWire.com
    1/9/2014 Goldman, BlackRock Eat Some of Pimco's Lunch MFWire.com
    1/6/2014 Bloomberg Gauges Gross' Error MFWire.com
    1/3/2014 FT Nods at Some Small Caps MFWire.com
    1/3/2014 2013 Was Worst Year for a Gross Fund Since 1994 MFWire.com
    12/30/2013 The 13 Fund Firms that Got the Most Ink in 2013 MFWire.com
    12/30/2013 These Were MFWire's 13 Most Popular Stories of 2013 MFWire.com
    12/24/2013 A Fund Gets Gross MFWire.com
    12/18/2013 El-Erian Gives 60/40 Odds for Fed Taper MFWire.com
    12/12/2013 Bond Funds Are Having Their Worst Year Ever MFWire.com
    12/9/2013 In Praise of Subadvisors MFWire.com
    12/6/2013 Bill Gross, Unconstrained: the Pimco Guru Personally Takes Over a Booming Fund MFWire.com
    12/4/2013 Gross Likes Bogle, Not Eagle-Borne Risk MFWire.com
    12/3/2013 Unconstrained Bond Funds Catch WSJ's Eye MFWire.com
    12/2/2013 Vanguard, Fido, T. Rowe, J.P. Morgan, DFA and OpFunds Take Bigger Slices of the Growing Pie MFWire.com
    11/27/2013 Has Pimco Become Too Ambitious? MFWire.com
    11/25/2013 Gross and Gundlach Got Game MFWire.com
    11/18/2013 El-Erian Takes Action MFWire.com
    11/18/2013 Gross, El-Erian Plunge in Worth Ranking MFWire.com
    11/14/2013 Gross is Yellen for More Treasuries MFWire.com
    11/13/2013 Edward Jones and Vanguard Win as Pimco and American Funds Suffer MFWire.com
    11/13/2013 Allianz Pulls $6B in Mandates From Pimco MFWire.com
    11/4/2013 Gross Loses a Title to Vanguard MFWire.com
    11/4/2013 Gross Evokes Scrooge McDuck MFWire.com
    11/1/2013 Bill Gross Wants You To Pay More Taxes MFWire.com
    10/31/2013 Pimco's Maisonneuve Move Gets Plenty of Ink MFWire.com
    10/31/2013 Gross Vows to Give It All Away MFWire.com
    10/30/2013 UPDATED | Pimco Replaces Kashkari MFWire.com
    10/30/2013 Fink and Gross Tell Fed: Move It Already! MFWire.com
    10/28/2013 Bill Gross Apologizes MFWire.com
    10/17/2013 Gross: We're as Bad as Italy and Spain MFWire.com
    10/16/2013 Gross Isn't Buying His Way Into the Stock Fund Biz, and Allianz's Chief is OK With That MFWire.com
    10/14/2013 Fundsters Prepare to Fight Off Another Regulator MFWire.com
    10/11/2013 Vanguard Kicks More Ass MFWire.com
    10/7/2013 Gross and Fink Chat it Up at UCLA MFWire.com
    10/4/2013 Fink and Gross Say Standoff Will End Soon MFWire.com
    10/3/2013 Bond Kings See More Carnage MFWire.com
    9/30/2013 Bond Boys Boogie to the "No Taper" Beat MFWire.com
    9/27/2013 Reuters Scrutinizes Pimco's Relationship with the Fed MFWire.com
    9/25/2013 Capital Group, Vanguard, Franklin, Pimco and BlackRock Top a List MFWire.com
    9/20/2013 A Pimco Vet Takes Over an EM Fund MFWire.com
    9/20/2013 Bill Gross Roundup: He Isn't Bragging, But He Kind of Is MFWire.com
    9/20/2013 Abby and Ned Johnson Rise on a List as Bill Gross Falls MFWire.com
    9/17/2013 M*'s Russel Kinnel Pens His Fantastic 51 Funds List MFWire.com
    9/17/2013 Fundsters: Investors Don't Believe the Fed MFWire.com
    9/17/2013 US News Digs into Pimco's Pain MFWire.com
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