Pacific Investment Management Co. (Pimco) may be closing its unit that aimed to manage money for endowments and foundations, Pensions & Investments reports. The group was established in 2010 under CEO and co-CIO Mohamed El-Erian. Pimco’s fund-of-funds group was headed by Mark Taborsky, a former manager at Harvard Management Co. Blackrock had said last week it had hired Taborsky to head a similar unit.
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