PIMCO, or Pacific Investment Management Company, is a global investment management firm founded in 1971. It specializes in fixed income investments, managing a wide range of portfolios for institutional and individual investors. PIMCO is known for its expertise in bond markets and offers various investment strategies, including actively managed funds and exchange-traded funds (ETFs). Headquartered in Newport Beach, California, PIMCO operates offices worldwide and is a subsidiary of Allianz SE, a leading global financial services company. The firm is recognized for its research-driven approach and commitment to risk management, making it a prominent player in the investment management industry.