Pacific Investment Management Co. LLC

  • Blogs

    December 6, 2013

    Will California's Next Governor Come from OC?

    Gene Maddus at our sister paper LA Weekly had this funny headline over a blog post Thursday: "Republicans Abel Maldonado and Tim Donnelly in Fierce Contest for Right to Lose to Jerry Brown." It's not a bad call considering the Field Poll that just came out that shows the governor with the support of ... More >>

  • Blogs

    October 3, 2012

    Bill Gross, PIMCO's Billionaire Investment Guru, Breaks Bad

    When Bill Gross talks, people listen, as the billionaire investment guru out of Newport Beach and that tony beach town's PIMCO firm can make calls on markets around the world that ultimately shake the global economy (Hello, Greece . . . Greece? Are you still there?). But Gross' just-posted monthly i ... More >>

  • Blogs

    June 7, 2012

    [UPDATED with Firm Saying Oh No We Di'int:] Did PIMCO Spark Tweets That Sank Market?

    UPDATE, JUNE 7, 8:31 A.M.: Despite the tweets and reports about Pacific Investment Management Co. (PIMCO) advising employees to hold off summer vacation plans due to a looming market meltdown, the Newport Beach-based financial juggernaut swears it ain't so. A statement a PIMCO spokesman emailed in r ... More >>

  • Blogs

    May 16, 2012

    Newport Beach Sports Bookie Sentenced in Federal Court

    Sports bookie Jeffrey Wayne Bzroska, a onetime manager at PIMCO, got great news this month when a federal judge in Santa Ana sentenced him to probation for two years in proceedings that were partly conducted in secret.Bzroska had managed an illegal sports betting operation in Newport Beach for at le ... More >>

  • Blogs

    April 25, 2012

    PIMCO: Millions of Homeowners to Become Renters

    When PIMCO talks, investors around the world listen. But a message from the Newport Beach-based money management giant should perk up the ears of local homeowners.A lot more of you will soon become renters, predicts Scott Simon, Pacific Investment Management Co.'s mortgage-bond chief.

  • Blogs

    February 21, 2012

    Will PIMCO's Bill Gross Bankroll Ron Paul?

    ​Is Newport Beach's Bill Gross ready to throw some of his big bucks at Ron Paul? With PayPal co-founder Peter Thiel having donated $2.6 million of the $3.4 million Endorse Liberty has raised since the pro-Paul SuperPAC's Dec. 20 creation, a money watcher wonders if Gross--the co-founder of Paci ... More >>

  • Blogs

    August 8, 2011

    Downgraded S&P Rating, China, Cuba, Obama, The Illuminati and Their Scary Ties to Newport Beach

    ​As Republicans in Congress and Democrats in the White House argue over whose role in the debt-ceiling crisis led Standard & Poor's for the first time ever to downgrade U.S debt from an AAA to AA rating, evidence mounts that the cause for this possible push into a double-dip recession was bor ... More >>

  • Blogs

    July 6, 2011

    Bill Gross Reportedly Buys Jennifer Aniston's House for $37 Mil; Chris Cox Settles Down in Laguna Niguel

    ​Bill Gross, the Newport Beach financial manager who co-founded Pacific Investment Management Co. (PIMCO) and is worth a billion and change, has reportedly bought a Beverly Hills estate Jennifer Aniston bought in 2006 for $13.5 million, gutted and rebuilt to the fawns of Architectural Digest and p ... More >>

  • Blogs

    March 7, 2011

    Bill Gross, Newport Beach Billionaire Investment Manager, Recounts "Negative Tip" He Left Waitress

    ​Brokers, investors and financial journalists around the planet hinge on the every word of Bill Gross, the Newport Beach financial manager who co-founded Pacific Investment Management Co. (PIMCO), is worth a billion and change, and in 2009 was ranked by Forbes the 32nd most powerful man in the wor ... More >>

  • Blogs

    September 23, 2010

    Donald Bren Ranked Richest in SoCal (Again)

    The latest Forbes list of richest Americans is out, and Newport Beach's reclusive billionaire Donald Bren once again finds himself ranked the richest man in Southern California.Forbes pegs the Irvine Co. chairman's wealth at $12 billion, enough to make him the 21st richest man in these United St ... More >>

  • Music

    June 10, 2010

    Not the Same Old (Karaoke) Songs

    [Summer Guide] Competitors in Karaoke Fest’s Crème de la Crème tournament face a tough panel of judges

  • Blogs

    May 5, 2010

    Draft Newport Financial Guru Bill Gross for Governor?

    Wikpedia Creative CommonsWhere dreams go to die.​Here's who's running for governor: an scary-old ex-governor, an ex-CEO who seems intent on writing checks and smiling her way into office and a dweeby businessman-turned-bureaucrat with a habit of lying about school children ... More >>

  • Blogs

    March 13, 2009

    Welcome to the Poorhouse: Rich Beotch Edition

    Crunching numbers from the latest Forbes list of the wealthiest Americans, Orange County Business Journal concluded that local billionaires lost a combined $5.8 billion of wealth since September. That's not all that has shrunk: there are 793 billionaires on the latest Forbes list, compared with 1,12 ... More >>

  • Blogs

    February 24, 2009

    Believe the Investment Advice From the Man With No Mustache

    In mock congressional testimony, Bill Gross, co-chief investment officer of Newport Beach-based Pacific Investment Management Co. (PIMCO), said today the U.S. should only nationalize banks as a last resort, that focus should instead be placed on shoring up lending and staving off foreclosures a ... More >>

  • Blogs

    February 6, 2009

    Newport Beach Financial Whiz Warns of 'Mini Depression' Unless Trillions Spent

    A Newport Beach executive has got President Obama's back, saying the U.S. may slump into a "mini depression" unless policy makers spend trillions of dollars to spur growth. "This economy needs support from the government, a check from the government in the trillions," Bill Gross, the co-chief invest ... More >>