Jackson National Gives Pimco Total Return The Boot, Welcomes DoubleLine.
In a regulatory filing, the variable annuity provider said Pimco’s Total Return bond strategy is out and DoubleLine Capital’s Core Fixed Income Fund is in, according to a Reuters report. The Pimco fund was led by Bill Gross until he left Pimco in September 2014 to join Janus Capital, where he runs the Janus Henderson Global Unconstrained Bond Fund.
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