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MFWire: Pimco Funds, Pimco ETFs
MUTUAL FUND FAMILY PROFILES [BETA]
To Update this information contact Editors@InvestmentWires.com or call Armie Lee at 212-331-8995 x111.
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Pimco
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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
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Background:
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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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Sponsored Opportunities
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Key People:
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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 |
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Story Archive for Pimco
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Published On
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Story Headline
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Publication |
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11/29/2024
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Goldman Pulls Ahead With $21B, But Industry Inflows Slow
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11/27/2024
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Passive Funds Add $93B As Active Outflows Double
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10/30/2024
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An LGBTQ Org Praises 7 Gamechanging U.S. Fundsters
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10/29/2024
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10/22/2024
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Vanguard Threepeats, With a 63-Percent Inflows Boost
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7/18/2024
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Vanguard Repeats, Netting $30B
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6/27/2024
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Active Outflows Fall By $10B
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6/26/2024
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Vanguard Wins Again Amid a $34B Reversal
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5/20/2024
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Passive Flows Plunge By $70B
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5/15/2024
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Despite a $13B Drop, Vanguard Fourpeats
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4/24/2024
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Despite a $12B Drop, Active Inflows Continue
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4/22/2024
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Vanguard Regains the Lead With a $70B Q1
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3/26/2024
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Active Inflows Return After a 28-Month Gap
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3/20/2024
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Vanguard Stays In Front, Despite an $8B Drop
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2/27/2024
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Active Outflows Shrink By 96 Percent, And ...
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2/22/2024
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With a $15B Spike, Vanguard Regains the Lead
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2/8/2024
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15 Years In, a CIT Leader Exits a $1.86T-AUM DC I-O
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1/30/2024
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These Funds Made a $1.025T 2023 Comeback
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1/26/2024
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December Was a $118B Passive Month
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12/18/2023
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Passive Inflows Jump Fivefold
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9/27/2023
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Active Outflows Climb 41 Percent In a Month, And ...
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9/20/2023
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With $1.998B, Schwab Regains the Lead
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8/23/2023
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JPMAM Threepeats, and BlackRock Repeats
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8/16/2023
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Goldman Leads With $854MM
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7/28/2023
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The $597B Half-Year
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7/20/2023
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Schwab Dominates As Large Firm Outflows Shrink By 89 Percent
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6/28/2023
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JPMAM Takes the Active Inflows Lead With $5.5B
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6/21/2023
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Bridge Builder's Inflows Triple As Large Firms' Outflows Rise
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6/21/2023
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Pimco Agrees to Pay $9MM Over a $1.9B-AUM Fund Duo
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5/24/2023
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These Flows Fell By $354B In April
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5/23/2023
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With $1.4B, Fido Takes the Active Inflows Lead
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5/11/2023
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Pimco Adds an Active Commodity Fund
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MFWire.com
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4/28/2023
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One Month, $362B In Inflows
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4/27/2023
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Pimco Versus the Hushed Whispers of Recession
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3/17/2023
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Schwab Wins Again Despite a Flows Slowdown
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2/27/2023
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JPMAM Threepeats With $6B
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MFWire.com
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2/16/2023
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With $5.2B, Schwab Threepeats
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MFWire.com
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1/30/2023
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Vanguard Leads an Inflows Pack and an Outflows Pack. Wait, What?
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MFWire.com
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1/24/2023
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15 Years In, a Pimco SVP Exits
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1/19/2023
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Schwab Dominates, Raking In $38B
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12/16/2022
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11 Months, $205B In Outflows
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11/22/2022
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One Month, $102B In Net Outflows
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MFWire.com
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11/15/2022
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Large Firms Dominate October Outflows
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11/2/2022
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An Ex-Pimco EVP Co-Founds an RIA
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10/25/2022
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Net Active Flows Worsen By $67B
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10/18/2022
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Nine Percent of Large Firms Net Inflows
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9/28/2022
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Schwab Leads With $19.9B
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9/19/2022
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These Firms' Flows Improved By $26B In Two Months
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8/24/2022
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Money Funds Rake In $29B
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8/15/2022
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Schwab's Inflows Triple to $4.605B
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MFWire.com
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7/28/2022
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An EVP Carves His Own Path Post-Pimco
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7/27/2022
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Passive Inflows Fall By $42B; Active Outflows Fall By $19B
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7/20/2022
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Large Firms Account For All the Industry's 2022 Net Outflows
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7/18/2022
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A New Analytics Chief Rises At a $1.82T-AUM Firm
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6/29/2022
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Fund Firms React to Roe v. Wade's Demise
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6/23/2022
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Passive Funds Bounce Back By $74B
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MFWire.com
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6/16/2022
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A Two-Decade Retirement Vet Joins Pimco
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401kWire.com
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6/14/2022
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Schwab Repeats As $2.226B Flows In
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5/20/2022
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Only One-Eighth of Large Firms Net Inflows
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4/25/2022
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A $113B Active Flows Collapse
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4/18/2022
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Bridge Builder's Inflows Quadruple, Breaking a 5-Month Schwab Streak
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3/31/2022
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A $134B-AUM Fund Firm Directly Enters the ETF Biz
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3/22/2022
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Inflows Fall $97B, Mostly Due to Active Funds
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MFWire.com
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3/15/2022
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Schwab's Five-Month-Old Lead Widens
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MFWire.com
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2/8/2022
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The 41 Best Fund Firms For LGBTQ+ Workers
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MFWire.com
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1/19/2022
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Schwab's Inflows Nearly Triple to $50B
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MFWire.com
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10/28/2021
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Pimco and an Eaton Vance Exec Win Big
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MFWire.com
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10/5/2021
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A Pimco DC I-O Exec Joins T. Rowe
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401kWire.com
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9/21/2021
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A $2.9T-AUM Duo's Chief May Be Exiting
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6/22/2021
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Dodge & Cox, Fidelity, and Pimco Win Big
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3/23/2021
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Fidelity and Vanguard Led the Way In February
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3/12/2021
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100 Fund Firms Win Big, With Morgan Stanley Leading the Pack
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MFWire.com
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2/18/2021
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Almost Nine Years In, a Pimco DC I-O Exec Exits
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401kWire.com
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2/17/2021
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Despite a January Dip, Inflows Rise YOY
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MFWire.com
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9/4/2020
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$1T Versus $13.94B
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MFWire.com
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7/16/2020
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Titans' Inflows Climb Another 85 Percent
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MFWire.com
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7/8/2020
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A Pimco Sales Leader Leaves After 14 Years
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MFWire.com
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6/22/2020
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T. Rowe and Pimco Win Big In Chi-Town
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MFWire.com
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6/15/2020
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T. Rowe Leads This Abbreviated Awards Race
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MFWire.com
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4/15/2020
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A Decade In, a Key Pimco Sales Chief Rises
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MFWire.com
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4/7/2020
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A Cali EVP Retires After a 35-Year Career
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MFWire.com
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3/16/2020
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Inflows Plunge By 69 Percent
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MFWire.com
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3/12/2020
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Two Big Firms Go Partly Remote
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MFWire.com
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3/10/2020
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The 33 Most Influential Women In the U.S. Fund Biz
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3/6/2020
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170 Fundsters Gather As 92 Fund Firms Win Big
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MFWire.com
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1/13/2020
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Fundsters Added $3.9T In AUM Last Year
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MFWire.com
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12/19/2019
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A Bank's Active Funds Lead
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10/21/2019
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Passive Inflows Double In Two Months
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10/14/2019
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BlackRock Retakes the Lead, But ...
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9/11/2019
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Ivascyn Puts This Principle Front and Center
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8/19/2019
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Active Outflows Disappear As Passive Inflows Fall
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8/12/2019
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One Fund Firm's Inflows Fall $38B In a Month
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MFWire.com
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8/9/2019
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The Fundster 401k Roundup, June 14-August 9
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MFWire.com
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7/22/2019
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Pimco and BlackRock Win In June
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MFWire.com
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7/15/2019
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The Three ETF Titans Crushed It In June
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MFWire.com
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7/2/2019
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An OpFunds Alum Joins Pimco's DC Team
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401kWire.com
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6/13/2019
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The Leviathan Recovers the Pole Position
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MFWire.com
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5/20/2019
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Fidelity Both Won and Lost Last Month
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MFWire.com
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3/25/2019
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Week In Preview, March 25-31
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401kWire.com
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3/21/2019
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What Is Pimco's Parent Hunting For, and Where?
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MFWire.com
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3/19/2019
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Bogles' Bunch Dominates Both Sides
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MFWire.com
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3/14/2019
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Out On $500K Bail, an Ex-Fundster Faces College Admission Fraud Charges
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MFWire.com
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3/12/2019
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Passive Inflows Drive February Growth
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MFWire.com
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3/8/2019
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T. Rowe, Fidelity, Pimco and OpFunds Crush It In Gotham
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MFWire.com
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3/7/2019
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2019's Richest Fundsters Are ...
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MFWire.com
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2/4/2019
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Gross Retires
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MFWire.com
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1/31/2019
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Who Gained Market Share In 2018?
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MFWire.com
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1/28/2019
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Active Outflows Dwarf Passive Inflows
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MFWire.com
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1/25/2019
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Expect Miracles Takes Manhattan For a Fifth Time
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MFWire.com
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1/24/2019
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A Blast From the Top of Pimco's Past
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1/18/2019
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Only Five Behemoths Netted December Inflows
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MFWire.com
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1/17/2019
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Only Two Firms Added More Than $10B In 2018
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MFWire.com
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12/24/2018
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Passive Inflows and Active Outflows Rise
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MFWire.com
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12/17/2018
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BlackRock Catapults Back to the Lead
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11/27/2018
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Vanguard Simultaneously Won and Lost Last Month
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MFWire.com
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11/19/2018
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Two-Thirds of the Giants Suffer Outflows
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11/19/2018
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Seven Months After Suing, a DC Chief Departs
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401kWire.com
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11/15/2018
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After Six Years, a Top Marketer Exits Pimco
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MFWire.com
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11/15/2018
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Macquarie vs Pimco, On Ice!
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MFWire.com
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9/19/2018
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Don't Expect This Giant to Make Another Equities Push
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MFWire.com
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8/30/2018
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Pimco at the Fed, and the Next SEC Commish Approaches?
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MFWire.com
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7/26/2018
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When FAs Want Portfolio Construction Help, They Turn to ...
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MFWire.com
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7/16/2018
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Vanguard Retakes the Lead as Flows Plunge
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MFWire.com
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7/6/2018
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Allianz Expects Less From Asset Management This Year
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MFWire.com
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6/11/2018
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Week In Preview, June 11-17
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MFWire.com
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6/11/2018
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Week In Preview, June 11-17
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401kWire.com
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5/29/2018
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Week In Preview, May 29 - June 3
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MFWire.com
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5/18/2018
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The Fund Firm With the Best Advisor Rep Is ...
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MFWire.com
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4/27/2018
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As Long-Term Flows Rebound, Vanguard Keeps the Lead
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MFWire.com
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4/26/2018
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Pimco Fires Back at Schaus
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401kWire.com
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4/25/2018
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A Fixed Income Titan Will Roost Next in Bat City
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MFWire.com
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4/13/2018
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A DC Chief Accuses an Asset Management Titan of Discrimination
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401kWire.com
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3/20/2018
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T. Rowe, Fido, and PrimeCap Lead This Pack
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MFWire.com
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3/19/2018
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Week In Preview, March 19-25
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MFWire.com
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3/16/2018
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Where Will Roman Bring Pimco Next?
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MFWire.com
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3/9/2018
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2018's Richest Fundsters Are ...
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MFWire.com
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2/28/2018
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Nuveen, Vanguard, T. Rowe, and Fidelity Dominate in the Big Apple
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MFWire.com
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1/25/2018
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Two Fund Firms, One $555B Year
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MFWire.com
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1/25/2018
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SSgA Had a Great December
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MFWire.com
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1/12/2018
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T. Rowe, Fido, and Pimco Lead This Awards Race
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MFWire.com
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1/8/2018
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Bill Gross' Image Guru Speaks
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MFWire.com
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1/5/2018
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Seven Shops Add to Schwab ETF OneSource
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MFWire.com
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1/3/2018
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A 30-Year Columbia Vet Helps Launch a Private Wealth Group
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MFWire.com
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12/28/2017
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Trump Has His Eye On Two Top Pimco Vets
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MFWire.com
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12/21/2017
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Even Vanguard and BlackRock Slowed Down a Bit
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MFWire.com
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11/10/2017
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Hodge Is Out
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MFWire.com
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10/30/2017
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Week In Preview, October 30-November 5
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MFWire.com
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10/20/2017
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The Vanguard-BlackRock Show Continued In September
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MFWire.com
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9/26/2017
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Only One Active Shop Passed $1B in Inflows in August
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MFWire.com
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9/19/2017
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Fournier Brings a BNY Mellon Retirement Vet to Pimco
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401kWire.com
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