The Traderszone Network

Published in TZ Latest News 30 May, 2014 by The TZ Newswire Staff

Pimco may be turning corner on money outflows – CEO

The world’s biggest bond fund, Pimco, may be about to end a net outflow of client funds that reached 22 billion euros ($30 billion) in the first quarter, its Chief Executive Douglas Hodge told a German newspaper. Parent company Allianz this month called upon the California-based asset manager to prove it can stem the outflows after they dented its own earnings.

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