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Pimco's Chief Economist, Managing Director resigns

Departure

Pimco said Friday that Paul McCulley has stepped down as chief economist and as a managing director, a role he had assumed in May at the request of Bill Gross , who was the investment firm's chief investment officer at the time.

Pimco to fight shareholder fees and pay lawsuit

Pointing Finger

Pacific Investment Management Co. will fight a lawsuit by a shareholder of its Pimco Total Return Fund alleging the company gouges investors with excessive advisory fees to support billion-dollar bonuses for top executives.

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​PIMCO Hires Three Senior Fixed Income Portfolio Managers

PIMCO is expanding its emerging market fixed income team through the hiring of three additional portfolio managers to enhance our talent and deep expertise in emerging markets. This supplements other efforts in this area, including yesterday’s launch of PIMCO’s first emerging market equity strategy and its emerging multi asset strategy.

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