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Bill Gross to Retire

Bill Gross, the 74-year-old one-time bond king who helped transform Newport Beach’s Pacific Investment Management Co. into one of the world’s largest money management firms, announced he is retiring on March 1.

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Bill Gross

Bond manager of 2000s at PIMCO, which he co-founded (see Emmanuel Roman) … rough year, personal, professional … 5.6% decline, below peers; current fund’s assets down by half … Duke grad; foundation has given $800M ... Business Journal OC’s Wealthiest; OC 50

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