Pacific Income Advisers (PIA) is a leading independent, employee-owned investment advisory firm, managing approximately $4 billion (as of 6/30/08) in fixed income and equity assets for institutional and private clients worldwide. Since our inception in 1986, we have applied a disciplined, relative value approach to produce attractive “risk-adjusted” returns. As a bond manager, we were among the first investment firms to build an investment discipline based on yield curve analysis. We offer a wide variety of investment strategies and we invite you to learn more about our investment approach and services.