PIMCO Loses $10B After Bill Gross Resigns

The Pacific Investment Management Company, or Pimco, suffered nearly $10 billion in withdrawals as investors fled the fund following the resignation of Bill Gross, the company’s co-founder and chief investment officer, on Friday, The Wall Street Journal reported. The report added that the company, which is one of the world’s largest asset management firms, could lose…

Pimco Loses $10B After Bill Gross Resigns