NEWPORT BEACH, Calif., July 12, 2018 (GLOBE NEWSWIRE) -- PIMCO, one of the world’s premier fixed income investment managers, has partnered with the California Institute of Technology (Caltech), the world-renowned science and engineering institute, and will establish the PIMCO Postdoctoral Fellowship in Computing and Mathematical Sciences and the PIMCO Graduate Fellowship in Computing and Mathematical Sciences.
The PIMCO fellowships will sponsor two postdoctoral scholars and two graduate students in Caltech’s computing and mathematical sciences department as PIMCO and the Institute promote greater connectivity between academia and the private sector.
“Through the new fellowships, we will partner with the next generation of industry leaders, building critical links with researchers at the intersection of data science, machine learning and economics,” said Mihir Worah, Chief Investment Officer of Asset Allocation and Real Return who oversees PIMCO’s quantitative initiatives. “Harnessing innovation and quantitative analysis have been integral to our investment process for decades and we firmly believe we should support the researchers who will be at the cutting edge of the rapid technological changes underway.”
PIMCO’s collaboration with Caltech is part of a broader strategic effort to further integrate technological innovation and quantitative research into the firm’s investment process. PIMCO recently announced it will open an office in Austin, Texas, in part to recruit talented technologists and quantitative analysts from around the world.
“As computer power increases exponentially, so too do the possible applications across all industries, including asset management,” says Emmanuel Roman, PIMCO’s Chief Executive Officer. “The ability to efficiently and effectively utilize the outputs from technological advancements will support our efforts to provide robust investment returns and solutions to our clients for years to come.”
About PIMCO
PIMCO is one of the world’s premier fixed income investment managers. With our launch in 1971 in Newport Beach, California, PIMCO introduced investors to a total return approach to fixed income investing. In the 45+ years since, we have continued to bring innovation and expertise to our partnership with clients seeking the best investment solutions. Today we have offices across the globe and 2,150+ professionals united by a single purpose: creating opportunities for investors in every environment. PIMCO is owned by Allianz S.E., a leading global diversified financial services provider.
Except for the historical information and discussions contained herein, statements contained in this news release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, including the performance of financial markets, the investment performance of PIMCO's sponsored investment products and separately managed accounts, general economic conditions, future acquisitions, competitive conditions and government regulations, including changes in tax laws. Readers should carefully consider such factors. Further, such forward-looking statements speak only on the date at which such statements are made. PIMCO undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements.
Contact:
Laura Batty
PIMCO – Media Relations
949 720 6374
Laura.Batty@pimco.com