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After Gross Departure, Pimco Faces $100 Billion of Withdrawals

Pacific Investment Management Co. investors withdrew approximately $10 billion in assets following Friday’s announcement that co-founder Bill Gross is leaving for Janus Capital Group, sources within the firm told the Wall Street Journal, echoing analysts’ predictions that it will lose at least $100 billion total. Meanwhile, shares of Janus rose as much as 40 percent on the news that Gross is starting there today, Fortune reports.

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