Pimco NYC office tackles bed bug
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[August 21, 2014]
By Jennifer Ablan
NEW YORK (Reuters) - The New York offices
of Pimco, the massive asset manager run by Bill Gross, are being
fumigated this week because of a bed bug infestation.
"Our New York office is addressing an isolated issue with insects,
and as a precautionary measure the firm is fumigating certain areas
of the office space," a spokesman said on Wednesday.
"During this period, our employees are working remotely, and we
expect to resume full on-premises staffing over the coming days."
Pimco's New York offices, located in the Paramount Plaza on 1633
Broadway, are one of a dozen global locations. Pimco, a unit of
Allianz SE, has its headquarters in Newport Beach, Calif.
"This is an issue that is far from uncommon in New York City," the
spokesman said, regarding New York City's battle with the epidemic
of tiny blood-sucking insects.
Two weeks ago, three New York City subway trains had to be fumigated
after riders and staff spotted bedbugs in the cars.
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Pacific Investment Management Co (Pimco) had $1.97 trillion in
assets under management as of June 30. The company is home to the
world's largest bond fund, which is run by Gross, who is also known
as Wall Street's "bond king."
(Reporting by Jennifer Ablan; Editing by Bernadette Baum, Jan
Paschal and Andre Grenon)
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