Updated Saturday, August 2, 2014 as of 12:38 AM ET
Portfolio - Fixed Income
Gross Heir Apparent El-Erian Quits as Pimco Sees Redemptions
by: Alexis Leondis and Charles Stein
Wednesday, January 22, 2014
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(Bloomberg) -- Mohamed El-Erian, widely viewed as the successor to Pimco’s Bill Gross, resigned after six years as the firm struggles to stem record redemptions from the world’s largest bond fund.

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