Magazine honors Newport Beach company

A Newport Beach investment management company has been honored as Risk

Manager of the Year by a widely known trade publication.

The Pacific Investment Management Co. will receive its award during

Risk magazine’s third annual award ceremony in New York City next week.

Editors at the magazine selected the company for its rigorous analysis

of economic risk factors. The editors also recognized company employees

for helping managers determine investment strategies.

The company’s investment strategies are checked daily for liquidity

and credit risks.

The firm was founded in 1971 in Newport Beach and has more then $240

billion in fixed-wing assets under management in the United States and an

additional $100 billion in insurance-based assets under management in

Europe.