The old adage of ‘happy wife, happy life,” is ringing louder for Scott Simon, a managing director at Pacific Investment Management Co. who heads mortgage- and asset- backed securities investing.

Simon, 52, said in a telephone interview he plans to retire at the end of May after 13 years with the Newport Beach, California-based firm to focus on “my life and my wife.” Before Pimco, Simon was at Bear Stearns Cos., where he was co-head of pass-through mortgage bond trading.

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