services founded 1971 1971 1 founder bill gross 1 jim muzzy bill podlich headquarters newport beach california united states key people emmanuel roman ceo effective 1 november 2016 jay jacobs president dan ivascyn group chief investment officer products investment management aum 1.51 trillion 30 june 2016 2 number of employees 2200 2 parent allianz website www.pimco.com pacific investment management company llc commonly called pimco is an american investment management firm headquartered in newport beach california with over 2 000 employees working in 13 offices across 12 countries and 1.51 trillion in assets under management as of 30 june 2016 . the company provides mutual funds and other portfolio management and asset allocation solutions for millions of investors worldwide . pimco offers a broad list of investment strategies that encompass the entire risk spectrum and capital structure including core bonds and credit structured credit alternatives real assets equities 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 foundations and endowments and financial intermediaries among others . the firm a prominent thought leader in the financial markets is known to have coined and popularized the phrase the new normal in the aftermath of the subprime mortgage crisis in 2009 . the new normal as a standalone phrase has a long history dating to the post first world war era and then seeing a new resurgence in use in the post 9 11 era . 3 more recently pimco introduced the new neutral thesis to characterize a period of lower but stable economic growth and interest rates to remain lower than historically for a longer period of time . 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 . contents 1 leadership 2 history 3 references 4 external links leadership edit pimco appointed emmanuel roman as ceo effective 1 november 2016 succeeding douglas m. hodge 4 and the firm s president is jay jacobs . dan ivascyn group chief investment officer cio 5 broadly oversees portfolio management and investment strategy . there are also five other cios andrew balls cio global fixed income ; mark kiesel cio global credit ; scott mather cio u.s. core strategies ; marc seidner cio non traditional strategies ; and mihir worah cio real return and asset allocation . history edit the firm was founded in 1971 1 launching with 12 million of assets . previously pimco had functioned as a unit of pacific life insurance co. managing separate accounts for that insurer s clients . in 2000 pimco was acquired by allianz se a large global financial services company based in munich germany but the firm continues to operate as an autonomous subsidiary of allianz . on 26 september 2014 it was announced that bill gross co founder and former chief investment officer dubbed the bond king in the investment arena was stepping down to join janus capital group . 1 references edit a b c d grind kirsten ; calia michael 26 september 2014 . bill gross leaves pimco for janus . markets . the wall street journal . subscription required a b our firm . pimco . retrieved 9 september 2016 . url http english.stackexchange.com questions 215012 origin of the new normal as a freestanding phrase gittelsohn john 20 july 2016 . pimco names man group s chief emmanuel roman as its new ceo . bloomberg news . childs mary 2 december 2014 . pimco total return withdrawals slow to 9.5 billion . bloomberg businessweek . united states . external links edit company home page yahoo pacific investment management company llc company profile bloomberg pimco to focus on global funds wall street journal inside the showdown atop pimco retrieved from https en.wikipedia.org w index.php title pimco & oldid 743756484 categories investment management companies of the united statesmutual fund familiesexchange traded fundscompanies based in newport beach californiafinancial companies established in 1971american companies established in 19711971 establishments in californiapimcohidden categories pages containing links to subscription only content navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages deutschespa ol fran aisitaliano norsk bokm l suomi edit links this page was last modified on 11 october 2016 at 02 44 . text is available under the creative commons attribution sharealike license ; 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