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US bond giants hit hard by corona crisis

Investors have pulled huge amounts of money out of two large asset managers, writes the Financial Times.

Photo: Lee Jae Won/Reuters/Ritzau Scanpix

The world's largest bond investor, Pimco, and another US bond specialist have been hit hard by the coronavirus, reports the Financial Times.

Both Pimco and New-Jersey based Lord Abbett have experienced that investors have pulled out vast sums of money to serve as ready cash, the paper states.

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