Like a modern-day Molotov cocktail, the lawsuit filed by Bill Gross against his former employer and colleagues at Pimco burst into flame on the internet, just as intended. It’s an example of how lawyers are starting to realize that telling a sizzling story is at least as important as making a strong legal argument.
Reading a Monday newspaper is so entertaining. You can catch up on the sports results, and you can see which companies spent the weekend trying to shape news coverage for the week ahead. It looks like officials at Apple and Pimco had a very busy weekend.
The surprise resignation of PIMCO’s Mohamed El-Erian rocked the investment world. Such an abrupt leadership change is almost unknown among investment firms, and with El-Erian’s sky-high public profile his departure was even more newsworthy. The change signals a big shift for PIMCO and a greater focus on restoring its performance after a poor few years. […]
Give credit (no pun intended) to PIMCO chief Bill Gross for dealing honestly with the underperformance of his flagship fund, PIMCO Total Return (PTTRX). In an open letter to investors released today, Gross is candid about the misjudgments that produced an anemic 1.09% total return for the fund so far this year, compared with a […]