Pacific Investment Management Company, LLC

City-funded organization

Pacific Investment Management Company, LLC (PIMCO) is a global fixed income investment manager established in 1971 as the money-management arm of Pacific Mutual Life Insurance Company, headquartered in Newport Beach, California, per its own site. The NYC Office of the Comptroller has contracted PIMCO since 2008 to manage retirement fund assets, including NYCERS and related pension funds. Its two active contracts, a Smart Beta/Alternatively Weighted mandate and a Mortgage Fixed Income Investment Management Agreement, total about $26.1 million and are both structured as renewals rather than freshly bid. Citywide, 93% of PIMCO's contract value ($27.5 million across 5 contracts) was awarded without a fresh competitive bid, per Checkbook NYC's classification.

Industry (per city contracts)
Professional Services
City contracts (active)
$26,097,235 · 2 contracts
Awarded all-time
$29,713,235 · 6 since 2008, incl. expired
Paid to date
$1,534,235
Won without a fresh bid
93% of contract value · $27,502,235 · 5 contracts
Based in
Newport Beach, CA (out of state)

Holds contracts at

City contracts

Registered city contracts, largest first by current contract value (not amount spent): running now, then registered to start later, then ended. Totals count every registered contract. Each line shows its Checkbook contract ID. The tag on each row is how it was awarded (“no-bid” = non-competitive).

Sources