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SAN ANTONIO – He didn’t refer to Armageddon but Pimco’s Vineer Bhansali still did a good job Tuesday of scaring people about the unknown and unexpected.

Bhansali sells retirement advisors on the notion of hedging against tail-risk events, those rare events that can ravage an investment portfolio – the 2008 financial meltdown, the Japanese tsunami and so on – and which his firm believes will only become more commonplace.

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