MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, May 18, 2009 Gross Extends His Reach Bill Gross just added almost $9 billion in assets to his personal empire. Bloomberg's Miles Weiss reports that, in the wake the departure of high-yield specialist Mark Hudoff, Gross will manage the Pimco Convertible Fund, Pimco High Yield Fund and the high yield portfolio of the Pimco Variable Insurance Trust, as well as Pimco High Income (a closed-end fund), totaling almost $9 billion. The move isn't permanent, though. A Pimco spokesman told Bloomberg that the firm a "full search" to find Hudoff's long-term successor and described Gross' role as filling "a temporary gap." Printed from: MFWire.com/story.asp?s=21558 Copyright 2009, InvestmentWires, Inc. All Rights Reserved |