Bill Gross

bill grossMay 2014: “…during a meeting of about 20 Pimco executives at the firm’s investment committee, Mr. Gross halted Jeremie Banet, a French-born executive vice president and portfolio manager, while he was sharing his views. “I never understand what you’re saying,” Mr. Gross said, according to people in the room. “Ever.” A day after the exchange, Mr. Banet announced his resignation and said he planned to operate a food truck selling croque-monsieur sandwiches in Los Angeles. In an email, Mr. Banet said there was no connection between the meeting and his departure from Pimco. He said he has “enormous respect and admiration for Bill Gross.” September 2014: “Bill Gross is joining Janus Capital Group, effective September 29.” October 2014: “PIMCO has hired Jeremie Banet, who previously worked for the firm and will return as an Executive Vice President and Portfolio Manager for real return strategies, including Treasury Inflation Protected Securities (TIPS).” [WSJ, CNBC, Pimco via Matt]

  • 23 Oct 2014 at 5:54 PM

Janus Warns Shareholders On Effects Of Hurricane Bill

bill_gross_mustache3Luring the Triple Crown of Newport Beach to Denver comes at a cost. Read more »

  • 17 Oct 2014 at 2:58 PM

So This Is Still Happening

gasparino gross

Earlier: Fox Business Senior Boombox Correspondent Infiltrates Pimco Trading Floor

  • 14 Oct 2014 at 5:59 PM

Bill Gross’s Plot To Destroy PIMCO Is Working

Just ask the Arkansas Teacher Retirement System, one of literally dozens of public pension funds that can’t stomach their bonds being run by a Pimco-less Bill. Read more »

Changing jobs can be very stressful. I’m not going to get into what I did before I won the coveted Dealbreaker Chef de Cuisine post, but let’s just say my julienning skills were more than a tad underutilized.

The first week on a new job is a brutal mishmash of emotions, whether you’re a line cook, a Chef de Cuisine, or yes, even a bond fund manager. (This is especially true when most of the money from you old gig doesn’t make the trip with you to your new one.) It takes a while to learn the rhythms of the new office, figure out whether your no-eye contact policy freaks people out, or whether insulting a colleague’s French accent will drive him into the Croque Monsieur business.

In terms of making new friends and finding his way in the new space, the fact that Bill Gross is working remotely from Malibu, and not at his new employer’s headquarters in Denver, puts him at a disadvantage. But it also offers him an opportunity. While I’m contractually barred from discussing my clients, let’s just hypothetically say Bill was one, and the two of us were sitting in his office in Newport Beach, right before hopping on the short flight to Colorado to meet some of his new colleagues, or he called me after landing, pleading for advice re: how to interact with people. The setting doesn’t matter, my advice to him would be the same: Give them a taste of Denver. Let them know you appreciate their home.

As a rookie, I’m not suggesting Bill whip up a few servings of Rocky Mountain oysters, the deep-fried testicles of bull calves that Coloradoans love so dearly. No, that could make for a bit of an awkward first impression.

When I tell Bill to “give them a taste of Denver,” I mean one thing: “Get yourself an apron and a chef’s hat and set up a Denver omelette station. Set it up IMMEDIATELY.” Read more »

Naturally, the details of this event lead his latest (and inaugural at Janus) Investment Outlook. Read more »

“I expect my second life at Janus Capital to be a simpler sequel to my life at Pimco,” Gross said in a conversation today with Janus’s Chief Executive Officer Dick Weil that was broadcast on the firm’s website. “I think we’re going to make for a good team, not just you and I but a lot of people coming together.” Gross, who had a bandaid under his right eye, said “it’s been a rough few weeks” since he decided to leave his former employer. [Bloomberg]