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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 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.

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'.

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