Pimco Replaced by BlackRock at $6 Billion Prudential Fund

Pacific Investment Management Co., seeking to stem redemptions after its co-founder Bill Gross left unexpectedly, was dropped as manager of a $6.16 billion strategy offered by a unit of Prudential Financial Inc.

Janus Set to Disappoint Even With Gross, Citigroup Says

Janus Capital Group Inc. (JNS), which last week hired Pacific Investment Management Co.’s Bill Gross to boost assets, may not attract as much as traders and analysts expect, according to a research report by Citigroup Inc.’s William Katz.

Gross’s Pimco Total Return Fund Falls 1.9% in May

Bill Gross’s Pimco Total Return Fund (PTTRX), the world’s largest mutual fund, declined 1.9 percent this month, the biggest monthly loss since September 2008.