In addition, the firm, which started its equity foray five years ago, is closing two of its four equity funds.
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PIMCO’s chief investment officer for equities, Virginie Maisonneuve, is stepping down from her position after two years at the firm and the company’s equity unit is laying off about 30% of its workforce. So reports Fox News.
In addition, the firm, which started its equity foray five years ago, is closing two of its four equity funds.