April 18, 2014 3:17 PM ET

Capital Markets

Company Overview of Pacific Investment Management Company LLC

Company Overview

Pacific Investment Management Company LLC is a privately owned investment manager. It provides its services to corporate pension plans, foundations, endowments, public retirement plans, corporate treasury assets, governments, insurance companies, high net-worth investors, multi-employer retirement plans, financial institutions, intermediaries, retail investors and pooled investment vehicles, including both affiliated and unaffiliated U.S. and non-U.S. registered and unregistered funds, among others. The firm manages separate client-focused equity and fixed income portfolios. It also launches and manages equity, fixed income, and balanced mutual funds for its clients. The firm invests in the ...

840 Newport Center Drive

Suite 100

Newport Beach, CA 92660

United States

Founded in 1971





Key Executives for Pacific Investment Management Company LLC

Chief Executive Officer
Age: 54
Age: 69
Chief Financial Officer
Age: 58
Chief Operating Officer
Compensation as of Fiscal Year 2013.

Pacific Investment Management Company LLC Key Developments

PIMCO Launches PIMCO Balanced Income Fund

PIMCO has launched the PIMCO Balanced Income Fund, designed to provide a high and consistent level of income by investing across a wide range of equity and fixed income securities. Deputy Chief Investment Officer Dan Ivascyn will co-manage the fund along with Managing Director and portfolio manager Alfred Murata, and Executive Vice-President and equity portfolio manager Brad Kinkelaar. The fund's balanced strategy combines higher capital appreciation and dividend-paying potential of equities with the attractive income potential of fixed income. The PIMCO Balanced Income Fund joins a suite of income-focused offerings managed by members of the team intended for investors who want a steady income stream and competitive returns in a volatile investing environment: PIMCO's Income Fund, Dividend and Income Builder Fund, and EqS Dividend Fund. Ivascyn and Murata, who manage the PIMCO Income Fund, recently won Morningstar's Fixed Income Managers of the Year. The managers will use a time-tested process of bottom-up security selection combined with a global macroeconomic view to allocate assets equally across equity and fixed income securities.

Pacific Investment Management Company Appoints Harley Bassman as an Executive Vice President and Portfolio Manager, Effective July 7

Pacific Investment Management Company LLC hired Harley Bassman as an executive vice president and portfolio manager. Bassman will join PIMCO July 7 and will be based in the company's Newport Beach, Calif. office. He most recently served as a managing director at Credit Suisse Group AG in the investment banking division, based in New York.

Pimco Announces New Management Structure

Pimco founder Bill Gross has moved to reassure clients of the strength of the US bond fund giant's management following the unexpected departure of co-chief investment officer Mohammed El-Erian last month. The group has appointed a number of deputy chief investment officers (CIOs) reporting to Mr. Gross, who is chief executive and CIO. These include former Schroders global equity manager Virginie Maisonneuve, who joined late last year to lead Pimco's push into equity products, Dan Ivascyn and Mark Kiesel. Each deputy CIO is responsible for a separate 'channel' of assets.

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