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After Bill Gross’ departure, his replacement will have a full plate.
Bond investment giant PIMCO has elected industry veteran Daniel Ivascyn to serve as group chief investment officer following the sudden departure of co-founder William H. Gross last week, which hastened investor redemptions, PIMCO officials say. Influential fixed income adviser Gross left to work for mutual fund giant Janus Capital Group. Over the past month, investors...
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