PIMCO is Preparing for $60B in Redemptions After Bill Gross’ Departure

Money-management firm Pacific Investment Management Co. is bracing for a deluge of redemptions in the coming weeks primarily from its flagship fund that invests in bonds in the wake of last week’s abrupt departure of its co-founder, Bill Gross, financial advisers who deal with the company say. The Newport Beach, Calif. money management firm, known […] View the full post at: PIMCO is Preparing for $60B in Redemptions After Bill Gross’ Departure Related posts: Bill Gross Believes Bailout Plan Benefits Main Street JPMorgan Announces Senior Leadership Changes What’s the Real Cost of the Senate Health Bill?
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