The Behavioral Science Edge
Partnerships
Our long-term, collaborative partnership with the Roman Family Center for Decision Research (RF-CDR) at The University of Chicago Booth School of Business began in 2018, and continues to grow.
Our Partnership with the Roman Family Center for Decision Research (RF-CDR)
Through our innovative partnership with The Roman Family Center for Decision Research at The University of Chicago Booth School of Business, we are committed to supporting diverse and robust research that contributes to a deeper understanding of human behavior and decision-making and helps empower leaders to make wiser choices in business and society.
Understanding how we behave and the decisions we make are critical to building on PIMCO’s strong culture of investing excellence and creating a diverse, engaging workplace, so we are excited to partner on this groundbreaking approach.
– Emmanuel Roman
PIMCO is always looking for inputs and data which challenge our ideas and assumptions about investing and risk and the RF-CDR team can provide us world-class insight into behavioral analysis and trends which will make us a better active manager and stewards of our clients’ assets.
– Daniel J. Ivascyn
PIMCO Decision Research Laboratories: a Partnership of Academic and Investment Excellence
Through our partnership with RF-CDR, we advanced PIMCO Decision Research Labs, enabling RF-CDR researchers, leaders in their field, to further their research.
The PIMCO Midway Club
Behavioral Insights
We publish behavioral insights and best practices to help our clients better understand the value it delivers and assist them in enhancing their own decision-making processes.
The Federal Reserve held its policy rate steady in October, but the door is clearly open to further hiking.
The AI investment boom is reshaping the U.S. economy, with higher policy rates and tighter financial conditions slowing growth in the sectors most sensitive to borrowing costs.
Yield is only the starting point. Active fixed income seeks to add value through security selection, relative-value investing, and diversified sources of outperformance, or alpha.
AI's infrastructure boom is generating significant funding needs. Hear how Mohit Mittal, CIO Core Strategies, and Sonali Pier, Portfolio Manager, assess opportunities across data centers, chip financing, and energy infrastructure while staying focused on resilient cash flows.
Agency mortgage spreads remain unusually wide, creating attractive opportunities in high-quality fixed income. Portfolio Manager Daniel Hyman discusses where active managers may find value in agency MBS and why certain market participants can create pricing inefficiencies.
Bond yields have moved higher around the world. Portfolio Managers Pramol Dhawan and Sachin Gupta discuss how global fixed income can help investors diversify sources of return while uncovering opportunities across developed and emerging markets.
Higher yields have improved bonds’ income and diversification potential, but the same reset is testing weaker borrowers, leveraged AI financing, and rate-sensitive real estate.
The Federal Reserve will likely hold rates steady at the next meeting, weighing inflation risks against an economy being reshaped by AI.
Amid AI disruption risk and elevated refinancing costs, we can expect a valuation gap to persist between software loans and the broader loan market.
Economic resilience depends heavily on continued AI investment to bolster growth, imports, and exports around the world.
After years of abundant capital and intense competition that produced increasingly borrower-friendly terms, the tide may be shifting.
Powerful long-term shifts in geopolitics and technology are shaping the near-term economic and investment outlook, creating resilience in the baseline scenario and wider risks around it.