NEW YORK (Reuters) - Pacific Investment Management Co., whose founder Bill Gross runs the world's biggest bond fund, has seen assets under management exceed over $1 trillion, underscoring investors' appetite for yield and portfolio diversification.
According to the Newport Beach, Calif.'s website on Thursday, Pimco's assets have hit $1.001 trillion as of the end of December 2009, up from $941 billion at the end of the third quarter of last year.
(Reporting by Jennifer Ablan; Editing by Diane Craft)
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