The Pacific Investment Management Company, or Pimco, suffered nearly $10 billion in withdrawals as investors fled the fund following the resignation of Bill Gross, the company’s co-founder and chief investment officer, on Friday, The Wall Street Journal reported. The report added that the company, which is one of the world’s largest asset management firms, could lose…
When you purchase through our sponsored links, we may earn a commission. By using this website you agree to our T&Cs.
Our Editorial Standards
At ValueWalk, we’re committed to providing accurate, research-backed information. Our editors go above and beyond to ensure our content is trustworthy and transparent.
Related news
Must Read
New
How to Invest in Stocks in 2024 – Beginner’s Guide
Investing in stocks can be a great way to improve your overall wealth – but...
23 Min Read
Read now