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Ben Bernanke
Pimco adds luster to firm, taps Bernanke as advisor
Pimco adds luster to firm, taps Bernanke as advisor

After the departure of its star bond manager last fall, Pimco went on a hiring spree. Wednesday, it scored its highest-profile hire yet. The Newport Beach bond investment giant said Ben S. Bernanke, the former chairman of the Federal Reserve, will become an advisor on macroeconomic and monetary policy issues, adding a globally famous name to its investment roster. Bernanke's move to Pacific Investment Management Co. is an implicit endorsement of the firm at a time when it is still grappling with the aftermath of the chaotic exit of co-founder Bill Gross in September. That jolt triggered more than $100 billion in investor withdrawals from its flagship fund. Analysts and investors...

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