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Pimco bleeds, but bond king Bill Gross backed

Bill Gross Interview Pic

Under fire bond guru Bill Gross received the support of his management team on Friday with Dieter Wemmer, the chief financial officer of German insurance giant Allianz, backing him to turn around the asset management company's fortunes.

Allianz stands by 'legend' Bill Gross

Bill Gross Interview Pic

Allianz, Europe’s biggest insurer and owner of Pacific Investment Management Co., is standing by Chief Investment Officer Bill Gross as his main fund trails peers and struggles with a record streak of investor redemptions, calling him an industry 'legend'.


Conga Line Vintage

Fund manager started a conga line on the trading floor

Among the soundbites that came from a lengthy and, at times, bizarre interview with Bill Gross on Tuesday afternoon, was the fact that the bond fund manager started a conga line on the trading floor 'to let employees know it was okay to scream and shout and let it all out'.


Why I left Pimco: Mohamed El-Erian

Mohamed El-Erian, former Pimco CEO and one-time heir apparent, told CNBC Monday that he left the investment giant because he wanted to do something different.


Pulling Hair

7 top firms, 7 problems, errors or set-backs

No less than 7 top firms have gone / are going through difficulties of one kind or another - and that's in addition to the 'normal' issues banks are having related to regulation, capital requirements and the malaise in fixed income.