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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.

Gross admits Pimco fired him

Bill Gross Interview Pic

Bill Gross said he was fired from Pacific Investment Management Co., the first time he’s publicly confirmed that he was dismissed from the firm he co-founded in 1971.

Pimco suffers worst year for client withdrawals

Thumbs Down

Pacific Investment Management Co.’s biggest mutual fund had the worst year of client withdrawals in the history of fund management as the firm lost both of its co-chief investment officers, Bill Grossand Mohamed El-Erian.

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Departure

Pimco's Chief Economist, Managing Director resigns

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.

Exit Sign

Gross exit ripples through bond market

The sudden exit of Bill Gross from Pimco sparked a knee-jerk selloff in the Treasury market, a drop in Pimco closed-end funds and rallies in competitors' shares as traders gamed whether the world's largest bond house would see an exodus of investors and a repositioning in its funds.

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Pimco announces two new senior hires

PIMCO has hired Giles Money as Senior Vice President and a Portfolio Manager focused on global growth equity strategies and Lucrecia Tam as Senior Vice President and an equity analyst focused on industrials.

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Departure

Pimco's Chief Economist, Managing Director resigns

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.