PineBridge Investments, L.P.

PineBridge Investments, L.P. is an investment management firm based out of New York City, New York. The company was originally established in the 1960s and has since grown to have multiple offices on an international level in Europe, Asia, the Middle East, United States, and South America. PineBridge Investments currently operates as a subsidiary of Pacific Century Group, which is an “Asia-based private investment group, founded in 1993, with interests in infrastructure, property and other investments mainly in the Asia-Pacific region, including Singapore, Hong Kong and Japan.” The company invests in a variety of sectors and products, focusing on distressed investments. PineBridge Investments invests most heavily in the finance sector, which alone makes up over a fifth of its total asset allocations, and also invests in the information technology, health care, consumer staples, consumer discretionary, industrials, and real estate sectors, among other sectors to a lesser degree, in order of decreasing allocation. The company holds its allocations an average of just over 4 quarters and, in the most recent quarter, had a turnover rate of approximately 16.1%. PineBridge Investments operates with 256 employees of which 96 are investment professionals. The company manages over $38.9 billion in total assets under management spread across 241 accounts, all of which are discretionary accounts except for 11 which make up $4.75 billion of its managed assets. PineBridge Investments’s total number of accounts and total assets under management sharply dropped in 2010, having once been as high as over 1,300 total accounts and over $370 billion in total managed assets. The company caters mainly to pooled investment vehicles, which alone makes up almost two thirds of its total asset allocations, and also provides services to insurance companies, banks, investment companies, pooled investment vehicles, and pension and profit sharing plans, among others, in order of decreasing clientele. PineBridge Investments currently offers its Global and US funds.