NEW YORK, Oct 20 (Reuters) – U.S. bond firm PIMCO said on Monday it has hired Goldman Sachs' former chief credit strategist, Lotfi Karoui, as managing director and multi-asset credit strategist. Karoui had been at Goldman Sachs for 18 years. He will work with PIMCO's portfolio managers in public and private credit markets, the California-based firm said in a statement. Recent bankruptcies of auto-linked firms and emerging losses at banks and funds have fueled concerns over hidden risks in the U.S. credit market, prompting investors to scrutinize risky debt more closely. (Reporting by Davide Barbuscia; Editing by Richard Chang)
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