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PIMCO Retreating from Equity Investing

Friday, May 15 2015

Markets & Investments

Written by PFA News

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PIMCO’s chief investment officer for equities, Virginie Maisonneuve, is stepping down from her position after two years at the firm and the company’s equity unit is laying off about 30% of its workforce. So reports Fox News.

In addition, the firm, which started its equity foray five years ago, is closing two of its four equity funds.

Read the full article from Fox News.

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