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NEW YORK, March 8 (Reuters) - Pacific Investment Management Co (Pimco) is replacing the full slate of managers on its Total Return Active Exchange-Traded Fund, a spokesman for the fund manager said on Wednesday.
Once the largest actively managed bond ETF and run by the company's co-founder Bill Gross, the fund now has assets of $2 billion, down from $5.2 billion at its 2013 peak. Managers Scott A. Mather, Mark R. Kiesel, and Mihir P. Worah are being replaced by David Braun, Jerome Schneider and Daniel Hyman, a regulatory filing showed.
Reporting by Trevor Hunnicutt; Editing by Chizu Nomiyama