Pacific Investment Management Co.’s CEO Douglas Hodge. Photo: AP

Sept. 29 (Bloomberg) — Pacific Investment Management Co.’s Chief Executive Officer Douglas Hodge said the firm is expecting and is ready for client redemptions following the departure of co-founder Bill Gross.

In a conference call with analysts where he was joined by top executives at Pimco parent Allianz SE, Hodge said management changes have triggered reviews with some clients. Hodge said it is too early to estimate redemptions at the Newport Beach, California based firm.

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