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2015.01.0722:48:16UTC+00New York City pension funds pulled $4.9 billion from Pimco in 2014

New York City's pension funds pulled $4.9 billion from asset manager Pimco in 2014.

Eric Sumberg, a spokesman for New York City Comptroller Scott Stringer, the assets pulled from Pimco were distributed to the existing managers of the city.

The New York pension funds still hold $2.4 billion in Treasury inflation-protected securities (TIPS) accounts with Pimco.

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