Newport Beach, California (12 July, 2018) – PIMCO, one of the world’s premier fixed income investment managers, has partnered with the California Institute of Technology (Caltech), the world-renowned science and engineering institute, and will establish the PIMCO Postdoctoral Fellowship in Computing and Mathematical Sciences and the PIMCO Graduate Fellowship in Computing and Mathematical Sciences.

The PIMCO fellowships will sponsor two postdoctoral scholars and two graduate students in Caltech’s computing and mathematical sciences department as PIMCO and the Institute promote greater connectivity between academia and the private sector.

“Through the new fellowships, we will partner with the next generation of industry leaders, building critical links with researchers at the intersection of data science, machine learning and economics,” said Mihir Worah, Chief Investment Officer of Asset Allocation and Real Return who oversees PIMCO’s quantitative initiatives. “Harnessing innovation and quantitative analysis have been integral to our investment process for decades and we firmly believe we should support the researchers who will be at the cutting edge of the rapid technological changes underway.”

PIMCO’s collaboration with Caltech is part of a broader strategic effort to further integrate technological innovation and quantitative research into the firm’s investment process. PIMCO recently announced it will open an office in Austin, Texas, in part to recruit talented technologists and quantitative analysts from around the world.

“As computer power increases exponentially, so too do the possible applications across all industries, including asset management,” says Emmanuel Roman, PIMCO’s Chief Executive Officer. “The ability to efficiently and effectively utilize the outputs from technological advancements will support our efforts to provide robust investment returns and solutions to our clients for years to come.”