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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)
    Robin Shanahan
    Co-Chief Operating Officer, PIMCO Funds Distributors ( Pacific Investment Management Company LLC)
    Peter Strelow
    Co-Chief Operating Officer, PIMCO Funds Distributors ( Pacific Investment Management Company LLC)
    Brent Harris
    Managing Director, Pimco
    Jay Jacobs
    advisor to the CEO, 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
    Co-Chief Operating Officer, Pimco
    Story Archive for Pimco
    Published On Story Headline Publication
    11/22/2022 One Month, $102B In Net Outflows MFWire.com
    11/15/2022 Large Firms Dominate October Outflows MFWire.com
    11/2/2022 An Ex-Pimco EVP Co-Founds an RIA MFWire.com
    10/25/2022 Net Active Flows Worsen By $67B MFWire.com
    10/18/2022 Nine Percent of Large Firms Net Inflows MFWire.com
    9/28/2022 Schwab Leads With $19.9B MFWire.com
    9/19/2022 These Firms' Flows Improved By $26B In Two Months MFWire.com
    8/24/2022 Money Funds Rake In $29B MFWire.com
    8/15/2022 Schwab's Inflows Triple to $4.605B MFWire.com
    7/28/2022 An EVP Carves His Own Path Post-Pimco MFWire.com
    7/27/2022 Passive Inflows Fall By $42B; Active Outflows Fall By $19B MFWire.com
    7/20/2022 Large Firms Account For All the Industry's 2022 Net Outflows MFWire.com
    7/18/2022 A New Analytics Chief Rises At a $1.82T-AUM Firm MFWire.com
    6/29/2022 Fund Firms React to Roe v. Wade's Demise MFWire.com
    6/23/2022 Passive Funds Bounce Back By $74B MFWire.com
    6/16/2022 A Two-Decade Retirement Vet Joins Pimco 401kWire.com
    6/14/2022 Schwab Repeats As $2.226B Flows In MFWire.com
    5/20/2022 Only One-Eighth of Large Firms Net Inflows MFWire.com
    4/25/2022 A $113B Active Flows Collapse MFWire.com
    4/18/2022 Bridge Builder's Inflows Quadruple, Breaking a 5-Month Schwab Streak MFWire.com
    3/31/2022 A $134B-AUM Fund Firm Directly Enters the ETF Biz MFWire.com
    3/22/2022 Inflows Fall $97B, Mostly Due to Active Funds MFWire.com
    3/15/2022 Schwab's Five-Month-Old Lead Widens MFWire.com
    2/8/2022 The 41 Best Fund Firms For LGBTQ+ Workers MFWire.com
    1/19/2022 Schwab's Inflows Nearly Triple to $50B MFWire.com
    10/28/2021 Pimco and an Eaton Vance Exec Win Big MFWire.com
    10/5/2021 A Pimco DC I-O Exec Joins T. Rowe 401kWire.com
    9/21/2021 A $2.9T-AUM Duo's Chief May Be Exiting MFWire.com
    6/22/2021 Dodge & Cox, Fidelity, and Pimco Win Big MFWire.com
    3/23/2021 Fidelity and Vanguard Led the Way In February MFWire.com
    3/12/2021 100 Fund Firms Win Big, With Morgan Stanley Leading the Pack MFWire.com
    2/18/2021 Almost Nine Years In, a Pimco DC I-O Exec Exits 401kWire.com
    2/17/2021 Despite a January Dip, Inflows Rise YOY MFWire.com
    9/4/2020 $1T Versus $13.94B MFWire.com
    7/16/2020 Titans' Inflows Climb Another 85 Percent MFWire.com
    7/8/2020 A Pimco Sales Leader Leaves After 14 Years MFWire.com
    6/22/2020 T. Rowe and Pimco Win Big In Chi-Town MFWire.com
    6/15/2020 T. Rowe Leads This Abbreviated Awards Race MFWire.com
    4/15/2020 A Decade In, a Key Pimco Sales Chief Rises MFWire.com
    4/7/2020 A Cali EVP Retires After a 35-Year Career MFWire.com
    3/16/2020 Inflows Plunge By 69 Percent MFWire.com
    3/12/2020 Two Big Firms Go Partly Remote MFWire.com
    3/10/2020 The 33 Most Influential Women In the U.S. Fund Biz MFWire.com
    3/6/2020 170 Fundsters Gather As 92 Fund Firms Win Big MFWire.com
    1/13/2020 Fundsters Added $3.9T In AUM Last Year MFWire.com
    12/19/2019 A Bank's Active Funds Lead MFWire.com
    10/21/2019 Passive Inflows Double In Two Months MFWire.com
    10/14/2019 BlackRock Retakes the Lead, But ... MFWire.com
    9/11/2019 Ivascyn Puts This Principle Front and Center MFWire.com
    8/19/2019 Active Outflows Disappear As Passive Inflows Fall MFWire.com
    8/12/2019 One Fund Firm's Inflows Fall $38B In a Month MFWire.com
    8/9/2019 The Fundster 401k Roundup, June 14-August 9 MFWire.com
    7/22/2019 Pimco and BlackRock Win In June MFWire.com
    7/15/2019 The Three ETF Titans Crushed It In June MFWire.com
    7/2/2019 An OpFunds Alum Joins Pimco's DC Team 401kWire.com
    6/13/2019 The Leviathan Recovers the Pole Position MFWire.com
    5/20/2019 Fidelity Both Won and Lost Last Month MFWire.com
    3/25/2019 Week In Preview, March 25-31 401kWire.com
    3/21/2019 What Is Pimco's Parent Hunting For, and Where? MFWire.com
    3/19/2019 Bogles' Bunch Dominates Both Sides MFWire.com
    3/14/2019 Out On $500K Bail, an Ex-Fundster Faces College Admission Fraud Charges MFWire.com
    3/12/2019 Passive Inflows Drive February Growth MFWire.com
    3/8/2019 T. Rowe, Fidelity, Pimco and OpFunds Crush It In Gotham MFWire.com
    3/7/2019 2019's Richest Fundsters Are ... MFWire.com
    2/4/2019 Gross Retires MFWire.com
    1/31/2019 Who Gained Market Share In 2018? MFWire.com
    1/28/2019 Active Outflows Dwarf Passive Inflows MFWire.com
    1/25/2019 Expect Miracles Takes Manhattan For a Fifth Time MFWire.com
    1/24/2019 A Blast From the Top of Pimco's Past MFWire.com
    1/18/2019 Only Five Behemoths Netted December Inflows MFWire.com
    1/17/2019 Only Two Firms Added More Than $10B In 2018 MFWire.com
    12/24/2018 Passive Inflows and Active Outflows Rise MFWire.com
    12/17/2018 BlackRock Catapults Back to the Lead MFWire.com
    11/27/2018 Vanguard Simultaneously Won and Lost Last Month MFWire.com
    11/19/2018 Two-Thirds of the Giants Suffer Outflows MFWire.com
    11/19/2018 Seven Months After Suing, a DC Chief Departs 401kWire.com
    11/15/2018 After Six Years, a Top Marketer Exits Pimco MFWire.com
    11/15/2018 Macquarie vs Pimco, On Ice! MFWire.com
    9/19/2018 Don't Expect This Giant to Make Another Equities Push MFWire.com
    8/30/2018 Pimco at the Fed, and the Next SEC Commish Approaches? MFWire.com
    7/26/2018 When FAs Want Portfolio Construction Help, They Turn to ... MFWire.com
    7/16/2018 Vanguard Retakes the Lead as Flows Plunge MFWire.com
    7/6/2018 Allianz Expects Less From Asset Management This Year MFWire.com
    6/11/2018 Week In Preview, June 11-17 MFWire.com
    6/11/2018 Week In Preview, June 11-17 401kWire.com
    5/29/2018 Week In Preview, May 29 - June 3 MFWire.com
    5/18/2018 The Fund Firm With the Best Advisor Rep Is ... MFWire.com
    4/27/2018 As Long-Term Flows Rebound, Vanguard Keeps the Lead MFWire.com
    4/26/2018 Pimco Fires Back at Schaus 401kWire.com
    4/25/2018 A Fixed Income Titan Will Roost Next in Bat City MFWire.com
    4/13/2018 A DC Chief Accuses an Asset Management Titan of Discrimination 401kWire.com
    3/20/2018 T. Rowe, Fido, and PrimeCap Lead This Pack MFWire.com
    3/19/2018 Week In Preview, March 19-25 MFWire.com
    3/16/2018 Where Will Roman Bring Pimco Next? MFWire.com
    3/9/2018 2018's Richest Fundsters Are ... MFWire.com
    2/28/2018 Nuveen, Vanguard, T. Rowe, and Fidelity Dominate in the Big Apple MFWire.com
    1/25/2018 Two Fund Firms, One $555B Year MFWire.com
    1/25/2018 SSgA Had a Great December MFWire.com
    1/12/2018 T. Rowe, Fido, and Pimco Lead This Awards Race MFWire.com
    1/8/2018 Bill Gross' Image Guru Speaks MFWire.com
    1/5/2018 Seven Shops Add to Schwab ETF OneSource MFWire.com
    1/3/2018 A 30-Year Columbia Vet Helps Launch a Private Wealth Group MFWire.com
    12/28/2017 Trump Has His Eye On Two Top Pimco Vets MFWire.com
    12/21/2017 Even Vanguard and BlackRock Slowed Down a Bit MFWire.com
    11/10/2017 Hodge Is Out MFWire.com
    10/30/2017 Week In Preview, October 30-November 5 MFWire.com
    10/20/2017 The Vanguard-BlackRock Show Continued In September MFWire.com
    9/26/2017 Only One Active Shop Passed $1B in Inflows in August MFWire.com
    9/19/2017 Fournier Brings a BNY Mellon Retirement Vet to Pimco 401kWire.com
    9/8/2017 New Fund Fuss - September 8, 2017 MFWire.com
    9/5/2017 Filings For Fundsters - September 5, 2017 MFWire.com
    8/21/2017 Vanguard and BlackRock Eclipse the Competition, Again MFWire.com
    6/15/2017 Custodian Launches ETF Platform MFWire.com
    5/9/2017 Can Roman Make Pimco More Quanty? MFWire.com
    4/24/2017 Week In Preview: Early M* in Chitown, Gemini in the Big Easy MFWire.com
    4/18/2017 A Breath of Hope For the Other Fund Firms MFWire.com
    4/6/2017 Ivascyn Regains One of Pimco's Old Crowns, With a Newer Fund MFWire.com
    4/4/2017 Follow the Fundsters - April 4, 2017 MFWire.com
    3/27/2017 Gross and Pimco Bury the Hatchet MFWire.com
    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
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