PIMCO is a global investment solutions provider with more than 1,400 dedicated professionals in 11 countries focused on a single mission: to manage risks and deliver returns for clients.

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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'.

HOT LIST

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'.

Exit Sign

PIMCO appoints leadership team

PIMCO has announced that Chief Executive Officer and Co-Chief Investment Officer Mohamed A. El-Erian has decided to step down from his role and leave the firm in mid-March.

Departure

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.

Bill Gross Interview Pic

Pimco bleeds, but bond king Bill Gross backed

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.

FEATURED

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.