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PIMCO-Ivascyn-Dan-Main_crop

Pimco CIO Ivascyn says 'late decision-makers' behind withdrawals

Reuters Pimco's top investment officer said on Tuesday that "late decision makers" are largely behind a rush of withdrawals from its flagship bond fund some five months after the departure of longtime manager Bill Gross, but the outflows should taper off before long. Dan Ivascyn, group chief investment officer for Pimco, said in an interview that many institutional investors take months to decide…

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