Pimco may help manage Fed unitThe New...
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From Times Wire Services
Pimco may help manage Fed unit
The New York Federal Reserve Bank said it was in discussions with Pacific Investment Management Co. about hiring it to help manage a unit the central bank is setting up to buy commercial paper.
The New York Fed disclosed the talks with Newport Beach-based Pimco, which manages the world’s largest bond fund, on its website.
Pimco is a unit of Allianz of Munich, Germany.
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