“We, like most office owners, are addressing the unique and unprecedented challenges currently facing our asset class and customer base,”

Poster Comment:

PIMCO (Pacific Investment Management Company, LLC)

PIMCO initially functioned as a unit of Pacific Life Insurance Co., managing separate accounts for that insurer's clients. The firm was founded in 1971,[2] launching with $12 million of assets. In 2000, PIMCO was acquired by Allianz SE, a large global financial services company based in Munich, Germany, but the firm continues to operate as an autonomous subsidiary of Allianz