8 minutes ago NEW YORK (Reuters) - Pacific Investment Management Co, the world's biggest manager of bond funds, named Mohamed El-Erian as its sole chief executive after co-CEO Bill Thompson retires at the end of the year.El-Erian returned to Pimco as co-CEO in January from Harvard University, where for two years he managed the school's $35 billion endowment. A specialist in emerging markets bonds with a record of outperformance, El-Erian had left Pimco to run the Harvard endowment, which is the world's largest.
El-Erian, 50, will also continue in his role as co-chief investment officer with founder Bill Gross, the Newport Beach, California-based company said late Thursday.
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