(Bloomberg) -- Pacific Investment Management Co., whose co-founder Bill Gross said last week the 30-year bull market in bonds is probably over, attracted the most client deposits ever in the first quarter.
Pimco took in $51.9 billion, an 84% jump from a year earlier, according to a presentation today by Pimcos parent Allianz SE, Europes largest insurer. Allianz said its asset management unit, which includes Newport Beach, California-based Pimco and Allianz Global Investors, saw profit jump 50% to 568 million euros.
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