PIMCO is ramping up its alternative investment team with a trio of new hires from big-name hedge funds.

Neal Reiner joined the firm as an executive vice president, product manager for Credit Alternative Strategies and Jennifer Strickland and Molly Hall joined as executive vice presidents and senior alternatives specialists. All three individuals are based in the firm's Newport Beach office.

Reiner hails from fund of hedge funds from Gottex Fund Management where he was a managing director and contributed to the manager selection and risk management of their global fund of funds products with a focus on the management of the firm's credit strategies and investments. Previously he was a high yield portfolio manager at Putnam Investments.

Prior to joining PIMCO, Hall was with Canyon Capital Advisors in Los Angeles for nine years, raising capital, developing client relationships and overseeing investor relations for Canyon's hedge fund strategies. And Strickland was a managing director in investor relations at Blue Mountain Capital Management in New York, a long/short credit manager.

The firm currently employ more than 70 professionals to oversee $16 billion in alternative strategies, which include hedge funds, distressed credit funds and opportunistic strategies.