Gross Loses Pimco Power Struggle With ‘Stunning’ Exit - Bloomberg: "The surprise decision by 70-year-old Gross, whose personal wealth is estimated at $2 billion by the Bloomberg Billionaires Index, marks a turning point in one of the most remarkable careers in money management. Gross personally oversaw more money than any investor on the planet, and was synonymous with the firm he co-founded in 1971, until his main fund started to trail peers and his leadership style attracted scrutiny."
Business Insider has an interesting look at outflows at Pimco:
'via Blog this'
Business Insider has an interesting look at outflows at Pimco:
'via Blog this'
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