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Pimco Offers Special Post-Gross Bonus to Retain Talent

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Pacific Investment Management Co. introduced a 225 million-euro ($279 million) award program to retain top talent after the surprise departure of Bill Gross.

Pimco, a unit of Munich-based Allianz SE, is seeking to reassure staff and clients rattled by the exit of its chief investment officer and co-founder. Investors have pulled billions of dollars from the firm’s funds since Gross, 70, resigned in September to join Janus Capital Group Inc.