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Alternative Investments

Access new opportunities in today's challenging markets.

At PIMCO, our decades of global leadership in active fixed income investing have prepared us for the complexities of alternative strategies, grounded in a solid foundation of macroeconomic analysis, fundamental research, and relative value comparisons.

Over the last 15 years, this broad perspective has provided our investors with access to new potential opportunities through innovative strategies spanning global macro, commodities, risk premia, structured and corporate credit, and the full spectrum of residential and commercial real estate markets.

Why PIMCO for Alternatives?

PIMCO's dedicated alternatives team benefits from the investment process and platform that has delivered alpha for investors for more than 50 years through many different market environments.

360-Degree Perspective

Our rigorous and fully-integrated investment process operates on a global scale with the aim of identifying compelling value across public and private markets, providing us with a differentiated perspective when evaluating individual opportunities.

Market Insight

Industry leadership, long-term relationships, and our dedicated asset specialists allow us to delve deeply into markets across the globe, at significant scale or in highly-targeted niche investment areas.

$153.3 billion

Alternative Assets Under Management (AUM)

$137 billion1

Alternative Credit & Private Strategies

$15.3 billion

Absolute Return Alpha Strategies

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As of 31 December 2021. 1Includes NAV and uncalled capital for draw down funds, and assets of clients contracted with Allianz Real Estate.
Viewpoints

Looking for Alternatives? Access New Opportunities with PIMCO

Recent market dislocations have created opportunities for alternatives investors who are prepared and flexible. Explore the markets PIMCO is focused on today and how our broad platform can help investors pursue attractive return potential.

Investment Strategies

Alternative Credit & Private Strategies

Since launching its first opportunistic credit vehicles over 15 years ago, PIMCO has developed a significant presence in both alternative credit and private investment strategies. Our strategies include those that seek to identify value primarily in listed securities, relying on fundamental and capital structure analysis, and also strategies that seek to privately finance the debt and equity needs of companies, asset holders, and origination platforms. We invest globally across commercial and residential real estate and mortgage credit, performing and distressed corporate debt, and specialty finance markets.

  • $137 billion2 in alternative credit & private strategies AUM
  • 70+ portfolio analytics resources
  • 65+ credit research analysts
  • $100B+ deployed into private markets
  • 75+ dedicated alternative credit portfolio managers
As of 31 December 2021. Certain PIMCO personnel who will provide investment advice to the strategies are separated by information barriers. As a result, certain communications may be subject to restrictions. 2Includes NAV and uncalled capital for draw down funds.

Investment Capabilities

  • Residential Real Estate

    Our residential real estate team is one of the largest providers of capital to global mortgage markets. Our areas of focus include credit-sensitive RMBS and whole loans, re-performing and non-performing loans, and direct origination through our network of institutional partners.

  • Commercial Real Estate

    PIMCO is a leading investor in private commercial real estate equity, with an established presence in the U.S. and Europe, and growing footprint in other markets. Our team invests opportunistically across geographies, sectors, and development stages, following a relative value-based approach that draws on the macroeconomic and fundamental insights of the broader PIMCO platform.

    Complementing our real estate private equity efforts, our real estate debt team finances the capital needs of developers, sponsors, and other asset owners with a full suite of solutions ranging from our significant activity in CMBS to bespoke transitional lending on individual projects.

  • Corporate Credit

    Our corporate credit capabilities span leveraged loans, high yield bonds, bank capital, CLOs/CBOs, direct lending, capital solutions and distressed investing in both developed and developing markets. Our team invests seamlessly across public and private markets, with robust capabilities to provide bespoke financing solutions to a wide variety of corporate borrowers.

  • Specialty Finance

    Our specialty finance team focuses on consumer and commercial specialty finance. Our consumer finance practice crosses various forms of consumer lending such as credit card receivables, unsecured personal loans, student loans and automobile leases/loans. In commercial finance, we operate across trade finance, transportation finance, equipment finance, insurance finance and other esoteric lending opportunities. The team is active in new origination, legacy loan pools, as well as equity investments in origination and asset management platforms.

Absolute Return Alpha Strategies

PIMCO’s Absolute Return Alpha Strategies platform is designed to harness PIMCO’s deep experience investing across global markets, asset classes, and strategy types, including those leveraging the firm’s extensive quantitative capabilities. Evolving since the launch of our first global macro hedge fund in 2004, we invest globally in cash and derivative markets through both discretionary and systematic strategies.

  • $16.3 billion in absolute return alpha strategies AUM
  • 40+ dedicated portfolio managers
  • 15+ years of discretionary hedge fund experience
  • $60 billion invested in quant strategies (index oriented and absolute return)
  • 16+ years of dedicated quantitative strategy experience
As of 31 December 2021. Certain PIMCO personnel who will provide investment advice to the strategies are separated by information barriers. As a result, certain communications may be subject to restrictions.

Investment Capabilities

  • Macroeconomic

    Macroeconomic analysis has been a key input to PIMCO’s investment process over our 45+ year history. This is supported through long-established cyclical and secular economic forums, global and regional investment committees, as well as further insights from our Global Advisory Board of market and policy specialists. Our dedicated team of portfolio managers has a longstanding track record investing in macro/directional, relative value and tactical/systematic trades across asset classes in developed and emerging markets.

  • Credit Relative Value

    Our credit portfolio managers span the full spectrum of credit opportunities from investment grade corporate credit to subordinated structured credit to distressed emerging market credit. The team leverages PIMCO’s highly integrated credit platform and focuses on identifying distinct directional and relative value opportunities across the risk and liquidity spectrum with the aim of building strategies that are flexible, opportunistic and resilient.

  • Commodities

    Our dedicated team of commodity portfolio managers, leveraging a broad set of resources including commodity analytics, risk management and credit research, manage one of the world’s largest absolute return commodity strategies. Our analysts focus on fundamental and structural drivers of return across a broad opportunity set in commodity markets.

  • Quantitative Investing

    Our dedicated quant portfolio management team and 50+ person analytics group leverages broad quant strategy research and benefits from PIMCO’s extensive history employing risk premia strategies since the 1980s. Areas of focus cover interest rates, equities, and currencies across both developed and developing markets as well as commodities and the derivatives related to each of these markets.

  • Insurance-linked Securities

    Our multi-disciplined team of experienced insurance specialists access and underwrite a diverse universe of customizable insurance-linked instruments. A strategic relationship with our parent company, Allianz, supports our sourcing and access to the resources and experience of one of the world’s largest and longest-tenured insurance platforms. Our insurance-linked securities capabilities emphasize diversification across underlying risk, region, and investment type, using sophisticated underwriting, portfolio construction, and structuring techniques to help build resilient portfolios.

Related Thought Leadership

Section : Date : Experts :
Reset All
The Value of Smoothing
Hotel Market in a Post-COVID World
Real Estate Investing in an Uncertain Environment
Unlocking Alternatives: Opportunities in Residential Real Estate
Cash for Calls: Managing Liquidity for Illiquid Investments
Cash for Calls: A Quantitative Approach to Managing Liquidity for Capital Calls
Carbon Cap-and-Trade: We See a Compelling Opportunity

Need more information?

Connect with our team today.

Disclosures

The products and services provided by PIMCO Canada Corp. may only be available in certain provinces or territories of Canada and only through dealers authorized for that purpose.

The following disclosures may not include all risks related to the strategies described herein. Additionally, this information is not intended to provide, and should not be relied on for, accounting, legal, tax or other advice. You should consult your advisors regarding such matters.

General risks: The strategies involve a high degree of risk and prospective investors are advised that these strategies are suitable only for persons of adequate financial means who have no need for liquidity with respect to their investment and who can bear the economic risk, including the possible complete loss, of their investment. All investments contain risk and may lose value. The strategies will not be subject to the same regulatory requirements as registered investment vehicles. The strategies may be leveraged and may engage in speculative investment practices that may increase the risk of investment loss. The strategies are not expected to track a particular benchmark. A strategy's fees and expenses may offset its trading profits. The portfolio manager(s) are expected to have broad trading authority over a particular strategy. The use of a single adviser applying generally similar trading programs could mean lack of diversification and, consequently, higher risk. The strategies generally involve complex tax structures and there may be delays in distributing important tax information. A substantial portion of the trades executed for certain strategies may be in non-U.S. securities and take place on non-U.S. exchanges or non-U.S. jurisdictions. Certain strategies may invest in non-publicly traded securities which may be subject to illiquidity risk. Performance could be volatile; an investor could lose all or a substantial amount of its investment. Past performance is not a guarantee or a reliable indicator of future results.

PIMCO as a general matter provides services to qualified institutions, financial intermediaries and institutional investors. Individual investors should contact their own financial professional to determine the most appropriate investment options for their financial situation. This material contains the opinions of the manager and such opinions are subject to change without notice. This material has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission. PIMCO is a trademark of Allianz Asset Management of America L.P. in the United States and throughout the world. ©2020, PIMCO.

Toronto
PIMCO Canada Corp.
199 Bay Street, Suite 2050
Commerce Court Station
P.O. Box 363
Toronto, ON, M5L 1G2
416-368-3350