NEWPORT BEACH, Calif., Oct. 01, 2020 (GLOBE NEWSWIRE) -- PIMCO, one of the world's premier fixed income investment managers, has partnered with the award-winning Pulitzer Center to support reporting on issues related to gender equality and the economic empowerment of vulnerable women and girls.
The three year partnership will include a $950,000 PIMCO Foundation grant, administered by the Pulitzer Center, to support professional reporting projects and college and university reporting fellowships. It will also support a new Campus Consortium college or university partner, ongoing engagement in schools, and community events such as conferences and webinars.
"Gender equality is a critically important issue and we are committed to supporting efforts that advance gender equality and female economic empowerment around the world," said Manny Roman, Chief Executive Officer of PIMCO. "Our new partnership will support the Pulitzer Center's outstanding work sharing essential stories that would otherwise go untold; helping to educate, raise awareness and increase equality in societies worldwide."
"PIMCO's bold commitment to this initiative will facilitate a major expansion of our work on issues that have always been a Pulitzer Center focus," said Jon Sawyer, the Pulitzer Center's executive director. "Gender equality and opportunities for economic empowerment are crucial to the more just society we all seek. For many women and girls around the globe those rights are denied. Telling their stories is an essential step toward real change."
The new partnership further highlights PIMCO's broader commitment to gender equality, driven in part by PIMCO's Women & Investing platform. The platform is supported across business areas at PIMCO and advocates for gender equality within the financial services industry, educates clients on how best to partner with female investors and supports the economic empowerment of women and girls.
PIMCO is one of the world's premier fixed income investment managers. With our launch in 1971 in Newport Beach, California, PIMCO introduced investors to a total return approach to fixed income investing. In the 45+ years since, we have continued to bring innovation and expertise to our partnership with clients seeking the best investment solutions. Today we have offices across the globe and 2,150+ professionals united by a single purpose: creating opportunities for investors in every environment. PIMCO is owned by Allianz S.E., a leading global diversified financial services provider.
About the Pulitzer Center
The Pulitzer Center on Crisis Reporting is an innovative award-winning non-profit journalism organization dedicated to supporting in-depth engagement with under-reported global issues. We sponsor quality international reporting and a unique program of outreach and education to schools and universities. Visit the Pulitzer Center online at pulitzercenter.org.
Except for the historical information and discussions contained herein, statements contained in this news release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, including the performance of financial markets, the investment performance of PIMCO's sponsored investment products and separately managed accounts, general economic conditions, future acquisitions, competitive conditions and government regulations, including changes in tax laws. Readers should carefully consider such factors. Further, such forward-looking statements speak only on the date at which such statements are made. PIMCO undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements.
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