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.
Going passive has often paid off in equities, but in bonds it may mean giving up potential returns. New analysis explores why active management has historically been more effective in fixed income.
Broad-based inflationary pressures could keep the Fed hiking for now, before inflation likely cools next year.
As AI-related borrowing grows, securitized credit and emerging markets may offer investors a wider lens on diversification.
In this excerpt from our quarterly Income webcast, Group CIO Dan Ivascyn discusses why today’s yields make this a compelling time to lock in income and how a high quality, flexible approach can help investors capture today’s opportunities globally.
The 2026 U.S. midterm election resembles previous blue waves, and its legacy may be a new era of oversight, political gridlock, and AI restrictions.
Record midterm campaign spending along with tax refunds bolstered U.S. consumption in 2026, but will have little impact in 2027.
Higher real yields may pressure property valuations, but healthier financing conditions make a repeat of the 2023 credit shock less likely.
Several existing policy capabilities could help ease mortgage costs and improve housing affordability without requiring new legislation.
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.
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.