Bill Gross, the legendary bond manager, is parting with one of his most-prized investments: His collection of rare U.S. stamps.
Gross, who co-founded Pacific Investment Management Co. and served as the firm’s investment chief until his 2014 departure, plans to sell the collection through a series of auctions. The first sale, which includes many of Gross’s most valuable stamps, is set for September, according to Siegel Auction Galleries.
Scott Trepel, Siegel’s president, expects that initial sale to raise more than $ 9.1 million, break…
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