Bill Gross’s Plot To Destroy PIMCO Is Working

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Just ask the Arkansas Teacher Retirement System, one of literally dozens of public pension funds that can't stomach their bonds being run by a Pimco-less Bill.

“When we saw a disruption at Pimco, we thought it might be a good time to de-risk just by terminating Pimco versus pulling some from all managers,” said George Hopkins, executive director of the Little Rock pension. Pimco had managed about $472 million for the system in its Total Return Fund, which Gross previously ran.

Arkansas Exits Post-Gross Pimco as Pensions Review Money Manager [Bloomberg]

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