Obama's Reelection Touches the Fund World
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Wednesday, November 7, 2012

Obama's Reelection Touches the Fund World

Last night’s election is eliciting reactions all through the fund world.

Pimco chief Bill Gross weighed in on Twitter before voting was even over. He sent the following tweet out over the official Pimco Twitter early yesterday morning:
Gross: Whew! It’s over. To the victor belongs the spoils of political power but to the US voter only continuing frustration will accrue.
Early Wednesday morning, after Obama had secured his reelection, Business Insider published an article once again pushing the idea that BlackRock leader Larry Fink could well replace treasury secretary Tim Geithner. That’s an idea that’s been floated many times.

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