A pioneer of fixed income investing William H. (Bill) Gross, 74, will be retiring from Janus Henderson Investors, marking the end of a four-decade career that included his co-founding of the mutual fund giant Pacific Investment Management Company, a.k.a. PIMCO, in 1971. After he leaves Janus Henderson in March, Gross will be managing his personal… Read More >>
PIMCO and Bill Gross Sign Peace Accord
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 >>
PIMCO Picks a CEO from Man Group
Asset manager the Pacific Investment Management Company (PIMCO) will have a new CEO, Emmanuel (Manny) Roman, in November, whose history includes his time as CEO of Man Group, a publicly-traded alternative asset manager. Roman is slated to replace Douglas Hodge, the current CEO, who will take on a new role as managing director and senior… Read More >>
Bernanke to Lead PIMCO Board of Policy Stars
The Pacific Investment Management Co. (PIMCO) is adding to Ben Bernanke’s responsibilities as the former head of the Federal Reserve will be serving as chairman of a new advisory board, which will be in addition to his role as senior advisor to the firm. In total, five “world-renowned experts on economic and political issues” will… 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 Outflows Hit $150B for 2014
Mutual fund giant Pacific Investment Management Co. (PIMCO) had a total of $150 billion in estimated outflows for 2014, according to new data from financial research firm Morningstar, which also found that PIMCO had $26.7 billion in withdrawals last month. Morningstar researchers report that the PIMCO experienced an outflow of $26,717,199,997 for the quarter that… 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 >>
