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Gross Sues Pimco for ‘Hundreds of Millions’ Over His Ouster

– Bill Gross claims he was wrongfully pushed out as the bond giant’s chief investment officer by a “cabal” of executives seeking a bigger slice of the bonus pool.

Robo Firms May Violate Investment Laws, Asset Manager Argues

Blackstone to Pay $39M to End SEC Probe of Fund Conflicts

Emerging Markets Firm Develops U.S. Ambitions

ETF Firms Tackle Wall Street on Ways to Prevent Another Aug. 24



Pimco's Total Return Reports $27.5 Billion of Withdrawals

The Pimco Total Return Fund suffered an estimated $27.5 billion of withdrawals in its first full month after the Sept. 26 departure of Bill Gross, its worst month ever for redemptions.

BlackRock Says ETFs Aided Bond Market Stability After Gross Exit

BlackRock, the world’s largest provider of ETFs, said the products acted as “shock absorbers” after Bill Gross’s unexpected exit last month from Pimco.

Pimco Is Replaced by BlackRock at $6.16 Billion Prudential Fund

Pimco seeking to stem redemptions after its co-founder Bill Gross left unexpectedly, was dropped as manager of a $6.16 billion strategy offered by a unit of Prudential Financial.