Pimco Is Over ‘Gross Effect’ as Break-Even Nears, Owner Says

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Dieter Wemmer, chief financial officer of Allianz SE. Photographer: Martin Leissl/Bloomberg

Pacific Investment Management Co. has overcome the departure of bond trader Bill Gross and a record period of outflows from its funds may be on the verge of ending, said Munich-based Allianz SE, the company’s owner.

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