Pimco's emerging markets team

Defending gains

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For almost a decade, stories about Pimco's emerging markets assets revolved around Mohamed El-Erian, the powerful lead portfolio manager known for the influence he wielded over sovereign issuers. Two years ago, El-Erian left Pimco to manage Harvard University's $26 billion endowment, America's largest university fund. Back in Newport Beach, California, two of El-Erian's deputies have taken over at the helm of Pimco's $43 billion emerging markets portfolio: Michael Gomez and Curtis Mewbourne.