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PIMCO chief investment officer to retire

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PIMCO chief investment officer to retire

Mihir Worah, Pacific Investment Management Co. LLC managing director and chief investment officer of asset allocation and real return strategies, is set to retire at the end of March 2020, Pensions&Investments reported, citing an internal memo.

The asset manager is not hiring an executive to replace Worah and instead plans to spread the responsibilities among other managers.