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Oct. 13 (Bloomberg) — The Arkansas Teacher Retirement System has terminated Pacific Investment Management Co. as pensions across the country review allocations after Bill Gross’s departure.

“When we saw a disruption at Pimco, we thought it might be a good time to de-risk just by terminating Pimco versus pulling some from all managers,” said George Hopkins, executive director of the Little Rock pension. Pimco had managed about $472 million for the system in its Total Return Fund, which Gross previously ran.

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