Pacific Investment Management Co.

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  1. AutoNation adds 3 investment options, target-date funds

    trueAutoNation Inc., Fort Lauderdale, Fla., is adding three investment options and a new target-date fund lineup, and removing four investment options and its company stock fund in its 401(k) plan following a review by the company’s benefits committee.

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  1. Imperial County in invitation-only search for new bond manager

    trueImperial County Employees' Retirement System is conducting an invitation-only search for a domestic fixed-income manager to run $84 million.

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  2. BMO Harris 401(k) goes with MetWest, drops PIMCO

    trueBMO Harris Bank is adding the MetWest Total Return Fund to its 401(k) plan.

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  3. Analysts say PIMCO could survive a further $350 billion asset drain

    truePIMCO could withstand an asset drain of up to $350 billion in the next two to three years — about 10% to 15% of its total assets — before its portfolio management operations could be affected, analysts say.

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  4. BlackRock, TCW, others gaining from PIMCO turmoil

    trueBlackRock, TCW, Vanguard, Baird Advisors and DoubleLine saw the largest inflows to their bond mutual funds in October, following William H. Gross' departure from PIMCO on Sept. 26, Morningstar Inc. reported.

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  5. North Carolina Supplemental calls on Prudential to replace PIMCO

    trueNorth Carolina Supplemental Retirement Plans, Raleigh, hired Prudential Investment Management to replace PIMCO as investment a manager for the North Carolina Fixed Income Fund.

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  6. PIMCO paid Gross $290 million bonus in 2013 after trailing peers

    truePacific Investment Management Co. paid former Chief Investment Officer William H. Gross a bonus of about $290 million in 2013, a year in which his Total Return Fund trailed a majority of its peers, showed documents provided to Bloomberg by someone with knowledge of PIMCO's bonus policies.

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  7. Sarasota Police Officers drops PIMCO core bond fund

    trueSarasota (Fla.) Police Officers' Pension Fund terminated Pacific Investment Management Co. from its $20 million active domestic core fixed-income portfolio.

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  8. San Francisco City & County Employees terminates PIMCO from DC plan

    trueSan Francisco City & County Employees' Retirement System on Wednesday ratified the termination of the PIMCO Total Return Fund from its $2.67 billion deferred compensation plan.

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  9. Adams County Retirement Plan drops PIMCO, T. Rowe strategies

    trueAdams County Retirement Plan, Brighton, Colo., terminated PIMCO’s Unconstrained Bond Fund.

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  10. Janus attracts more than $1 billion in two funds in October

    trueJanus Capital Group saw more than $1 billion of estimated net deposits into two bond mutual funds in October after hiring star manager William H. Gross.

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  11. Allianz reports €49.2 billion in PIMCO outflows in third quarter

    trueClients withdrew about €30 billion ($37.3 billion) of assets from PIMCO funds in the days following Chief Investment Officer William H. Gross' departure on Sept. 26, said Dieter Wemmer, chief financial officer at parent company Allianz.

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  12. Morningstar: PIMCO outflows totaled $48.3 billion in October

    trueFour PIMCO mutual funds that were managed by star bond manager William H. Gross saw large withdrawals in October, causing record outflows of $48.3 billion at Mr. Gross' former firm, data from Morningstar show.

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  13. El Paso County drops PIMCO for unconstrained bonds, alters asset targets

    trueEl Paso County Retirement Plan, Colorado Springs, Colo., terminated PIMCO’s Unconstrained Bond Fund because of the departure of William H. Gross, the firm’s co-founder and chief investment officer.

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