The Traderszone Network

Published in TZ Latest News 26 September, 2014 by The TZ Newswire Staff

Gross’ sudden Pimco exit may quicken outflows to rivals

Bill Gross, who built Pimco into a $2 trillion asset manager and became one of the world’s best-known bond investors, quit the firm he co-founded on Friday after his flagship fund suffered its 16th straight month of outflows and amid a Securities and Exchange Commission probe into whether one of his funds artificially inflated returns.

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