News

Investors 'not fazed' by Gross departure

Thursday 30th of October 2014

PIMCO founderGross has left the company for a new job at rival Janus Capital. It follows a bad run at PIMCO – an investigation is reportedly under way into pricing irregularities in the firm’s ETFs.

Morningstar in the US predicted that tens of billions in AUM would follow Gross to Janus.

PIMCO is believed to manage more than $1 billion in New Zealand money, mainly through Fisher F...

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