Newport Beach-based Pimco looks to Austin for next U.S. office hub

Pacific Management Investment Co. has chosen Austin, Texas, for a new office as the firm seeks to recruit tech talent and broaden marketing in the U.S.

The office will open later this year and is expected to expand to about 200 employees, mostly new hires, by 2019, according to a statement Tuesday.

Austin will play an important part in Pimco’s continued growth and we are excited to become part of this vibrant, innovative community,” Emmanuel “Manny” Roman, Pimco’s chief...

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