Advisers ‘blindsided’ by Gross departure as Pimco faces rebuilding
Bond behemoth has opportunity to recast its image, but analysts and advisers predict significant outflows. Plus: Pimco's pitiful year. How bad will it get?
Bill Gross' departure from Pimco not only reshuffles the investment management industry, it casts serious doubt on the dominance of the company he co-founded in 1971 and oversaw as it grew to manage nearly $2 trillion for everyone from big pension funds to individual investors.
Mr. Gross set the to
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