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PIMCO STARTS STOCK FUND UNIT

Pimco Advisor Holdings Inc. of Newport Beach, Calif., is removing its own subsidiary, Columbus Circle Investors, as manager…

Pimco Advisor Holdings Inc. of Newport Beach, Calif., is removing its own subsidiary, Columbus Circle Investors, as manager of four stock mutual funds. Instead, it's setting up a New York growth shop called Pimco Equity Advisors staffed by new hires.The new unit is led by Michael Gaffney, managing d

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