PIMCO, a global investment management firm, said that its assets under management increased to US$1.97 trillion at the end of the second quarter, up from US$1.94 trillion as of 31 March 2014.
Assets under management are up US$53.2 billion year-to-date through June 30, 2014, up from US$1.919 trillion as of 31 December 2013.
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PIMCO’s second quarter AUM increase was the result of market performance and PIMCO’s alpha generation. Of the US$1.97 trillion AUM at June 30, third-party client assets accounted for US$1.55 trillion, up from $1.54 trillion at 31 March.
"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.
In core bond strategies, PIMCO’s Total Return Fund, Institutional Share Class, has outperformed its benchmark and the majority of its competitors over the last 3, 5 and 10 years and continues its long-term track record of outperforming 96% of its peers over the last 15 years, according to Morningstar.
For the second quarter of 2014, the Fund delivered 2.37% in returns (net of fees).
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By GlobalDataOverall, 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 Hodge.
