“We are considering reducing exposure to Pimco and having those conversations with our investment committee right now,” said Harold Evensky of Coral Gables, Florida-based Evensky and Katz Wealth Management, which invests in Pimco Total Return and other funds. “No matter how good someone is, with all that hype and disruption, combined with the headwinds in fixed income, that could have an impact on everyone’s ability to pay attention to their daily job.” [Bloomberg, earlier]
Layoffs Watch '16: PIMCO To Say Some Tough Good-Byes
On the bright side, you can always join Bill Gross at the new shop?
Pimco May Lay Off Employees Because Daddy Went Out For Cigarettes And Never Came Back
It's always the kids that suffer.