NEWPORT BEACH, California (July 11, 2014) - PIMCO, a leading global investment management firm, announces that its assets under management increased to $1.97 trillion at the end of the second quarter, up from $1.94 trillion at March 31. Assets under management are up $53.2 billion year-to-date through June 30, 2014, up from $1.919 trillion as of December 31, 2013.
PIMCO’s second quarter AUM increase was the result of market performance and PIMCO’s alpha generation. Of the $1.97 trillion AUM at June 30, third-party client assets accounted for $1.55 trillion, up from $1.54 trillion at March 31.
“PIMCO continues to deliver what our clients have come to expect from us over the last 43 years – alpha generation and robust risk management, backed by insightful investment commentary,” said PIMCO Managing Director and Chief Executive Officer Douglas Hodge.
Overall, 81% of PIMCO’s assets under management have outperformed their benchmark on a trailing 12-month basis; 86% have outperformed their benchmark on a trailing 3-year basis; and 94% have outperformed their benchmark on a trailing 5-year basis (before fees).
“While performance matters, repeating it matters more. We remain intensely focused on our mission of managing risk and delivering returns for our clients,” added Mr. Hodge.