FYI Pacific Life Insurance Co., the insurer where Pacific Investment Management Co. was started as a bond unit in 1971, is moving money from Bill Gross's old firm to Janus Capital Group Inc., which the bond legend joined last month.
Pacific Life asked the Securities and Exchange Commission for permission to move some separate accounts to the Janus Aspen Series Balanced Portfolio from the Pimco Global Multi-Asset Managed Allocation Portfolio, according to a filing today. The firm didn't give a reason for the move. The Pimco accounts weren't run by Mr. Gross and he isn't named as manager of the Janus Aspen Series Balanced fund
Regards,
Ted
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