Contact Information: Contact: The PIMCO Foundation Mark Porterfield 949-720-GIVE www.pimco.com
The PIMCO Foundation Donates to Help Those Affected by Southern California Fires
| Source: PIMCO
NEWPORT BEACH, CA--(Marketwire - November 17, 2008) - The employees of PIMCO have kicked off a
fund-raising effort to aid people and communities affected by the
devastating Southern California fires. Working through the PIMCO
Foundation, the Newport Beach-based firm's charitable arm, employees
delivered an initial check for $25,000 Monday to the Red Cross of Orange
County to support its efforts to provide temporary shelter, food and
clothing to evacuees.
"We at PIMCO are extremely saddened by these devastating fires that have
disrupted so many lives and destroyed so many homes, communities and
businesses around Southern California," said Mohamed El-Erian, PIMCO Co-CEO
and a member of the PIMCO Foundation board. "With this donation and our
ongoing efforts, we are committed to help our neighbors in this extremely
difficult period."
About the PIMCO Foundation
The PIMCO Foundation is committed to helping individuals, families and
communities when they need it most. In addition to helping those affected
by natural disasters and other tragedies, the foundation aims to reward
individuals and groups that are committed to improving communities,
education and the planet. Since it was founded in 2001, the PIMCO
Foundation has awarded nearly $5 million in grants to charities and
community organizations throughout California and the US.
About PIMCO
PIMCO, founded in 1971, is a global investment management firm serving a
wide range of institutional and retail investors worldwide. With offices in
nine countries in North America, Europe and Asia, we manage investments
across a broad spectrum of global financial markets. Our success is built
on our philosophy of seeking to consistently deliver attractive returns
while maintaining a strong culture of risk management. PIMCO is owned by
Allianz Global Investors, a subsidiary of the Munich-based Allianz Group, a
leading global insurance company.