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The bond king has left the building

from Pensions & Investments

PIMCO executives began preparing months ago for William H. Gross' departure, sources said, although the announcement on Sept. 26 that he was leaving to become a portfolio manager at Janus Capital Group surprised the money management industry and financial markets. “We've been hearing that there's been a replacement in place for quite some time,” said Alan Kosan, senior vice president and head of alpha research at investment consultant Segal Rogerscasey, Darien, Connecticut. more

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