The PIMCO Group (PIMCO) is an institutional money manager specializing in fixed income management, headquartered in Newport Beach, California. PIMCO was founded in 1971 as a subsidiary of Pacific Mutual Life Insurance Company (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 independently from Pacific Mutual and was located at separate premises.

On May 5, 2000, Allianz SE (formerly Allianz AG) of Munich, Germany purchased a majority stake in PIMCO's parent, PIMCO Advisors L.P., today known as Allianz Global Investors of America L.P. ("AGI"), leaving Pacific Life with a minority interest. As of June 30, 2005, Allianz owns approximately 97% of Allianz Global Investors of America L.P., leaving Pacific Life with approximately 3%. With the closing of the Allianz transaction in 2000, PIMCO became the global fixed income management leader for Allianz, though PIMCO operates as a separate, autonomous subsidiary.

As fixed income markets have specialized and globalized over the last 37 years, PIMCO has expanded its depth and coverage. Today, we have expertise and significant resources committed to virtually every sector of the global bond market, and have offices in Newport Beach, New York, Singapore, Tokyo, Hong Kong, London, Sydney, Munich, Amsterdam, and Toronto.

PIMCO has enjoyed a stable organization throughout its 37-year history. Many of the professionals who were instrumental in PIMCO’s founding and subsequent growth are still active in its management, including the three founders.