Thu, 6 Feb 2014
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Morningstar's Eric Jacobson sees PIMCO's appointment of four new deputy CIOs as an effort to reassure investors there is a succession plan in place for Bill Gross after heir-apparent El-Erian's departure.
Recent allegations have turned up the noise around PIMCO, but a bigger concern is whether the fund shop's new deputy CIOs can stand up to Bill Gross when needed, says Morningstar's Eric Jacobson.
An update on our Fund Analyst Rating changes and what we're continuing to monitor as the firm works to stabilize itself after Bill Gross' departure.
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