Pacific Investment Management Company is a global investment management firm founded in 1971 and headquartered in Newport, California. The firm's clients include state, municipal and union pension and retirement plans, from educators to healthcare workers to public safety employees. The firm also is an advisor and asset manager to central banks, corporations, universities, foundations, and endowments. PIMCO's products include separately managed accounts, open-end institutional mutual funds, open-end individual mutual funds, specialty closed-end mutual funds, and advisory services.