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Pictures | Thu Feb 9, 2012 | 3:52pm EST

Special report: The twilight of the Bond King

PIMCO founder and co-chief investment officer Bill Gross looks down the first fairway while playing at Pebble Beach Golf Links before the start of the AT&T Pebble Beach Pro-Am in Pebble Beach, California, February 8, 2012. REUTERS/Robert Galbraith

PIMCO founder and co-chief investment officer Bill Gross looks down the first fairway while playing at Pebble Beach Golf Links before the start of the AT&T Pebble Beach Pro-Am in Pebble Beach, California, February 8, 2012. REUTERS/Robert Galbraith

PIMCO founder and co-chief investment officer Bill Gross looks down the first fairway while playing at Pebble Beach Golf Links before the start of the AT&T Pebble Beach Pro-Am in Pebble Beach, California, February 8, 2012. REUTERS/Robert Galbraith
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The headquarters of investment firm PIMCO is shown in this photo taken in Newport Beach, California January 26, 2012.  REUTERS/Lori Shepler

The headquarters of investment firm PIMCO is shown in this photo taken in Newport Beach, California January 26, 2012. REUTERS/Lori Shepler

The headquarters of investment firm PIMCO is shown in this photo taken in Newport Beach, California January 26, 2012. REUTERS/Lori Shepler
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The headquarters of investment firm PIMCO is shown in this photo taken in Newport Beach, California January 26, 2012.  REUTERS/Lori Shepler

The headquarters of investment firm PIMCO is shown in this photo taken in Newport Beach, California January 26, 2012. REUTERS/Lori Shepler

The headquarters of investment firm PIMCO is shown in this photo taken in Newport Beach, California January 26, 2012. REUTERS/Lori Shepler
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