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To: Les H who wrote (2853)	9/15/2002 9:28:51 PM
From: sun-tzu	Respond to of 29601

Pimco's stuck and their supply is too huge to move. We have a front row seat to Bill Gross' retirement. History 2002 $274.4 Billion in Assets Under Management (as of June 30, 2002) 2001 $241.3 Billion in Assets Under Management • PIMCO's Real Return Bond fund tops $1 billion in assets under management, making it the largest such fund in the U.S. • PIMCO recognized as the "Fixed Income Manager of the Year" by the European Pensions Awards group in Brussels, Belgium. • Allianz announces completion of the acquisition of one of the largest banks in Germany, Dresdner Bank. • PIMCO announces the winner of its inaugural "Investing Globally" essay contest. The winner was Mark Mateson with his essay titled "The Garden of Global Investing." Mateson was the recipient of a $5000 grand prize. • PIMCO announces that it will now be offering a new class of shares for its popular GNMA fund for individual investors. • PIMCO, in a press release, made it very clear that they believed the Treasury Inflation Indexed Securities (TIPS) were here to stay. 2000 $215.7 Billion in Assets Under Management • Bill Gross and PIMCO team selected as Morningstar’s fixed income manager of the year – for a second time. • Allianz completes Acquisition of PIMCO Advisors. • Allianz announces completion of the acquisition of the US money manager, Nicholas Applegate. Based in San Diego, Nicholas Applegate is know for its management of growth equity strategies for US, global and emerging market portfolios. At the time of the acquisition, Nicholas Applegate was managing nearly $35 billion and was servicing more than 450 institutional clients. They have 445 employees, including more than 70 investment professionals. • Expansion in Asia-Pacific market. 1999 $186 Billion in Assets Under Management • Allianz AG. to acquire a 70% interest in PIMCO Advisors Holdings L.P. • Distribution agreement with Banque du Louvre. • Launch of new Convertible Bond Fund • PIMCO Funds grows to $50 Billion in Assets Under Management. • Total Return Fund tops $25 Billion becoming the world’s largest bond fund. 1998 $158 Billion in Assets Under Management • Opened offices in Singapore, Tokyo, London, and Sydney. • PIMCO Total Return Fund attracts nearly $280 Million in the first six weeks available in Japan. • PIMCO Total Return Fund tops $20 Billion and becomes the largest bond fund in the nation. • 200 clients with separate account portfolios. 1997 $118 Billion in Assets Under Management 1996 $88 Billion in Assets Under Management • Mutual fund groups combine to form the PIMCO Funds with $24 Billion Under Management. 1995 $76 Billion in Assets Under Management • Introduced emerging market bonds in portfolios. • Dedicated High Yield product created (launched 1992). • 150 Clients with separate account portfolios. 1994 $57 Billion in Assets Under Management • PIMCO becomes part of a publicly traded limited partnership (PIMCO Advisors LP) traded under the NYSE symbol: PA. 1990 $29 Billion in Assets Under Management • Introduced the use of international bonds in Total Return portfolios. • First offshore mandate, 100 clients with separate account portfolios. • Dedicated international and mortgage bond products created. • StocksPLUS (Enhanced Equity Index) product created (launched 1986). 1985 $10 Billion in Assets Under Management • Pioneered use of derivatives in Total Return portfolios. • PIMCO formalized independence from parent company. • 50 clients with separate account portfolios. 1980 $1.5 Billion in Assets Under Management • Dedicated Low Duration product created. • First large pension fund mandate. 1975 $40 Million in Assets Under Management • Introduced the use of mortgage backed securities in Total Return fixed income portfolios. • Total Return approach created. • Focused efforts on managing fixed income portfolios. 1971 Company Founded with $12 Million in Assets Under Management