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Pimco MD steps down less than a year after rejoining firm

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A man walks past a Pacific Investment Management Company LLC (PIMCO) advertisment. Paul McCulley has stepped down from his role as managing director and chief economist at Pacific Investment Management Co less than a year after rejoining the firm.

New York

PAUL McCulley has stepped down from his role as managing director and chief economist at Pacific Investment Management Co less than a year after rejoining the firm.

"Paul returned to Pimco last May after being recruited by Bill Gross, with whom he had a close friendship

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