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Gross on Pimco: 'It was time for me to leave'

Bill Gross Interview Pic

Bill Gross, the former chief investment officer of Pimco, has said there 'was no reasonable way' for him to remain at the nearly $2trn asset management company he founded, as he described for the first time his 'slow' realisation that he had to leave.

Gross exit from PIMCO surprised El-Erian

Mohamed El Erian Pic

Mohamed El-Erian, who quit Pacific Investment Management Co. in January amid reports of clashes with Bill Gross, said he was surprised by the events surrounding the departure of the star bond manager last week.

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Allianz's Asset Management Division Strengthens Brands

Allianz Asset Management, the new name for the holding company of Allianz’s asset management division, has announced a new corporate structure effective January 1, 2012, which will more clearly define two discrete investment management businesses, namely PIMCO and Allianz Global Investors.

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Bill Gross Interview Pic

Bill Gross quits Pimco for Janus Capital

Bill Gross, the world renowned investor known as the ‘bond king’, has dramatically quit the $2tn investment firm he set up more than 40 years ago due to “fundamental differences” with the company.