just added almost $9 billion in assets to his personal empire. Bloomberg
's Miles Weiss reports
that, in the wake the departure of high-yield specialist Mark Hudoff
, Gross will manage the Pimco Convertible Fund
, Pimco High Yield Fund
and the high yield portfolio of the Pimco Variable Insurance Trust
, as well as Pimco High Income
(a closed-end fund), totaling almost $9 billion.
The move isn't permanent, though. A Pimco spokesman told Bloomberg that the firm a "full search" to find Hudoff's long-term successor and described Gross' role as filling "a temporary gap."
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