The shock departure of Bill Gross, Pimco's now former chief investment officer, has rumbled shares and bonds - as well as the Mexican peso.
While at the helm of Pimco, Mr Gross controlled nearly $2 trillion of assets. Now that he has headed for the door, his support for the peso has left with him.
The bond trading legend has said that low levels of sovereign debt and the stability of its lending rate made Mexico a currency that "looks good".
Mr Gross has even used a corporate Pimco Twitter account to praise the peso as an investment choice in the past.
Now Mr Gross is headed to Janus Capital Group , to head a fund far smaller than the one he ran at Pimco.
The unexpected departure also saw shares in Allianz - Pimco's owner - plummet.
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