Pimco, the fixed-income specialist owned by German insurer Allianz, reclaimed a place among the top 10 largest institutional asset managers in the world last year, thanks to inflows in its bond funds that came as rivals struggled with falling assets.

Pimco rose from 11th largest in the world to seventh over the year, according to the latest ranking of institutional asset managers from US weekly magazine Pensions & Investments. It rose to eighth at the end of 2005, but fell to 11th place in 2006 and 2007.