While I was hoping for more fireworks, the mutual fund giant Pacific Investment Management Company, a.k.a. PIMCO, quietly closed the William H. (Bill) Gross Departure chapter, which was the cause for a great deal of publicity and turmoil for Gross and the firm. To say the least, Gross and the firm he helped found have… Read More >>
Gross vs. PIMCO: Better Than a TV Series
“Driven by a lust for power, greed, and a desire to improve their own financial position and reputation at the expense of investors and decency, a cabal of Pacific Investment Management Company (PIMCO) managing directors plotted to drive founder Bill Gross out of PIMCO in order to take, without compensation, Gross’s percentage ownership in the… Read More >>
PIMCO’s New Group CIO Faces Redemption Woes
Bond investment giant PIMCO has elected industry veteran Daniel Ivascyn to serve as group chief investment officer following the sudden departure of co-founder William H. Gross last week, which hastened investor redemptions, PIMCO officials say. Influential fixed income adviser Gross left to work for mutual fund giant Janus Capital Group. Over the past month, investors… Read More >>
