FRANKFURT (Reuters) - Pimco is bracing for investors to pull out money following the sudden departure of its co-founder Bill Gross but expects the vast majority of clients to stick with the firm and is confident it can handle any outflows, the California-based investment group's chief executive said. "Should our revenues fall, and frankly we anticipate heightened redemptions here in the early stages - that's to be expected with any transition of a senior person - we're ready for that," Pimco CEO Doug Hodge told analysts on a conference call on Monday, adding that the firm had "ample ...
from Business News Headlines - Yahoo! News http://news.yahoo.com/pimco-says-handle-rise-outflows-gross-exit-141202330--sector.html
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