PIMCO's assets drop 5%

More fallout from the resignation of Bill Gross.  PB
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From Reuters.com:

Pacific Investment Management Co., whose co-founder Bill Gross stunningly departed on Sept. 26, said late Friday that the Newport Beach, Calif.-firm had assets under management of $1.876 trillion as of Sept. 30, a 5 percent drop in the third quarter.

Gross, one of the bond market's most renowned investors and the former manager of the flagship Pimco Total Return Fund, quit PIMCO for distant rival Janus Capital Group Inc.

Since Gross's departure, PIMCO has seen heavy outflows, with $23.5 billion leaving the Pimco Total Return Fund in September alone.
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Link: http://www.reuters.com/article/2014/10/10/us-pimco-allianz-totalassets-id