Pacific Investment Management Company LLC (PIMCO) is one of the world's premier fixed income investment managers. Founded in 1971 in Newport Beach, California, the company was established to manage separate accounts for institutional clients. PIMCO's mission is to manage risks and deliver returns for its clients, offering a wide range of investment solutions that span the global bond markets. While best known for its fixed income expertise, the firm also manages strategies across equities, real assets, and alternatives. PIMCO is a subsidiary of Allianz SE, a global financial services company.