This week's notable news:

The abrupt departure of Bill Gross from Pimco last September cost the asset management firm's funds $150 billion in 2014, Bloomberg reported, including almost $5 billion withdrawn by New York City's five pension funds. Investors pulled $102.9 billion from its biggest fund, the $143.4 billion Pimco Total Return Fund, through Dec. 31, according to data from Morningstar.

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