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The 'Bond King' Leaves His $2 Trillion Kingdom

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Heavy drama played out this week — and not just on Shonda Rhimes' TV shows.

The bond-investing world was roiled by news that Bill Gross — the man known as "The Bond King"— has abruptly left the huge investment firm he founded in 1971. The departure left a lot of people scratching their heads on Wall Street.

"The natural question is: What's going on at PIMCO?" said David Kotok, chief investment officer at Cumberland Advisors.


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