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New York City Pensions Pulled $4.9 Billion From Pimco in 2014

New York City’s pension funds have pulled $4.9 billion from Pimco since Bill Gross left the firm in September. A City spokesman confirmed that the pullout was due to “organizational change” within the firm. From Reuters: “The New York City Pension Funds recently transitioned out of $4.9 billion in Pimco accounts due to concerns over recent ...
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Illinois Teachers’ Fund To Stick With PIMCO, But Backup Plan Remains in Place

In the weeks since Bill Gross’ departure from PIMCO, dozens of public pension funds around the country have carefully considered whether to stay with the firm or move on. In late September, one of the largest plans in the country, the Florida Retirement Systems, announced it was cutting PIMCO in favor of BlackRock. The Illinois Teachers’ Retirement ...
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Arkansas Teacher’s Fund Fires PIMCO, Withdraws $475 Million From Firm

The Arkansas Teacher Retirement System is pulling its money out of PIMCO, the fund announced today. Its investments with PIMCO had totaled $475 million. More from Pensions & Investments: Arkansas Teacher Retirement System, Little Rock, terminated Pacific Investment Management Co., which managed about $475 million its Total Return strategy for the ...
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Dozens of Pension Funds Are Reviewing PIMCO Investments After Bill Gross Departure

The United States’ public pension funds have tens of billions of dollars invested with PIMCO. But dozens of funds have put PIMCO on their “watch” lists – if they haven’t exited PIMCO already. From Bloomberg: Illinois’s teacher retirement system, with $3 billion invested with Newport Beach, California-based Pimco, has had the money manager ...
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Florida Pension Cuts PIMCO

In the latest vote of non-confidence in a post-Bill Gross PIMCO, the Florida State Board of Administration (SBA), the entity that manages investments for the Florida Retirement Systems, has announced it will drastically cut its investments with PIMCO. From the New York Times: The investment body overseeing the state of Florida’s retirement system ...
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Pension Funds React, Weigh Next Move After Bond Guru’s Departure From PIMCO

Bill Gross, bond guru and co-founder of investment management firm PIMCO, has left the company. Gross’ is only the latest in a string of high-level departures from the firm. Some wealth managers had exited PIMCO earlier this year after sensing that the “team was falling apart.” But how are pension funds reacting? Here’s CalPERS’ take, from ...
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