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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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