PIMCO meaning in Business ?

Answer: What is Pacific Investment Management Company mean?

PIMCO (Pacific Investment Management Company, LLC) is a global investment management firm focusing on active fixed income management. PIMCO manages investments in many asset classes such as fixed income, equities, commodities, asset allocation, ETFs, hedge funds, and private equity. PIMCO is one of the largest investment managers, actively managing more than $2.21 trillion in assets for central banks, sovereign wealth funds, pension funds, corporations, foundations and endowments, and individual investors around the world. PIMCO is headquartered in Newport Beach, California, and has over 2,900 employees working in 17 offices throughout the Americas, Europe, and Asia.

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