Applegate Turnover: Firm Sees More Departures, Hirings, As CIO's Arrival Reverberates


San Diego-based Nicholas-Applegate Capital Management has experienced a significant amount of turnover in its technology department following a recent shakeup at the I.T. group's uppermost levels. Over the past three months, at least five of the firm's technologists have left, with two of those leaving since the new year started--and one more I.T. department staffer is set to resign towards the middle of this month. But Nicholas-Applegate has also taken steps to bring in some new blood: The firm

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