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Clash of styles led to split at Pimco

Bill Gross Interview Pic

For more than five years, Mr. El-Erian’s deliberate manner and Mr. Gross’s freewheeling style were a formidable combination atop Pacific Investment Management Co. But last year, the differences became an unbridgeable chasm to Mr. El-Erian, who worried that rising tensions with Mr. Gross could keep him from effectively running the giant bond firm.

Ex-Pimco CEO's resignation surprised firm

Exit Sign

Pimco Chief Executive Douglas Hodge said the resignation of his predecessor Mohamed El-Erian caught everybody by surprise but an internal succession plan enabled the bond fund manager to distribute his tasks swiftly.

Pimco said suffered $2.5bn monthly outflow

Bill Gross Interview Pic

Global investment management firm Pacific Investment Management Company (Pimco) underperformed its peers last month, according to estimates by data tracker Morningstar, following internal strife at the company and the abrupt exit of CEO Mohamed El-Erian.

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Bill Gross Interview Pic

Clash of styles led to split at Pimco

For more than five years, Mr. El-Erian’s deliberate manner and Mr. Gross’s freewheeling style were a formidable combination atop Pacific Investment Management Co. But last year, the differences became an unbridgeable chasm to Mr. El-Erian, who worried that rising tensions with Mr. Gross could keep him from effectively running the giant bond firm.

Bill Gross Interview Pic

Pimco Chief accuses outgoing CEO of trying to undermine him

Bill Gross, the co-founder and co-CIO of Pacific Investment Management Co, has accused departing CEO Mohamed El-Erian of seeking to 'undermine' him by talking to The Wall Street Journal about deepening tensions between the two executives who have been jointly running the world's largest bond house.

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Bill Gross: Bernanke Might Be Driving In A Fog

PIMCO co-CIO Bill Gross appeared on Bloomberg TV's 'Street Smart' with Trish Regan and Adam Johnson today, where he said that investors who are selling Treasuries on expectations that the Federal Reserve will scale back QE are missing the influence of inflation on the Fed's decision.

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