Pacific Investment Management Company, LLC (commonly called PIMCO) is an American investment management firm focusing on fixed income and headquartered in Newport Beach, California, with 2,300 employees working in 14 offices across 11 countries, and $1.77 trillion in assets under management as of 31 March 2018. The company provides mutual funds and other portfolio management and asset allocation services for millions of investors worldwide. PIMCO offers several different investment products, including core bonds and credit, structured credit, alternatives, real assets, private credit, and currencies.
PIMCO oversees investments on behalf of millions of clients, including retirement savers, public and private pension plans, educational institutions, central banks and government agencies, sovereign wealth funds, foundations and endowments and financial intermediaries among others.
In April 2015, PIMCO announced the hire of former Federal Reserve Chairman, Dr. Ben Bernanke as a senior advisor, following in the footsteps of predecessor Federal Reserve Chairman, Alan Greenspan.