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Gross' departure hits PIMCO

Tuesday 31st of March 2015

Morningstar data shows PIMCO suffered outflows of US$176 billion worldwide last year, or 26% of its 2013 assets.


Gross announced he would leave the firm to take up a role at Janus Capital Group. Morningstar said that sent a shockwave through the investment world and prompted unprecedented outflows from PIMCO.

Outflows from PIMCO Total Return amounted to $96.1 billion in the...

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