Pimco has selected Mohit Mittal, who has been with the company for the past 16 years, to serve as its next chief investment officer of core strategies.
Mittal (pictured), who currently serves as a managing director and portfolio manager, will focus on Pimco’s fixed income portfolios including Low and Moderate Duration, Total Return, and Long Duration. Mittal will work under group chief investment officer Dan Ivascyn.
Mittal has worked at Pimco since 2007, becoming a portfolio manager for fixed income multi-sector portfolios with a focus in duration and credit. He works from the Newport Beach office and is a ‘steering committee member’ for Pimco Multicultural. Mittal also serves on the Treasury Borrowing Advisory Committee, a committee which meets each quarter with the treasury department to give their observations on the US economy and put forward recommendations on debt management.
“Mohit is the rare talent who brings deep quantitative expertise with macro insights to investing while embracing a collaborative approach that harnesses the best investment ideas generated by a team of portfolio managers,” said Ivascyn.
“He’s a welcome addition to Pimco’s highly experienced group of CIOs and his focus on core strategies further strengthens our leadership in fixed income markets.”