Bloomberg -- Pimco's CEO Douglas Hodge said the firm is expecting and is ready for client redemptions following the departure of co-founder Bill Gross.
Withdrawals are to be expected with any transition of a senior person, Hodge said today in a conference call with analysts where he was joined by top executives at Pimco parent Allianz SE. Were ready for that, said Hodge, who added that its too early to estimate redemptions at the Newport Beach, California based firm.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access