If your idea of a good time is talking monetary policy with your fellow wonks, you’ll want to go with Jackson Hole. If you love a good circle jerk with a backdrop of the Swiss Alps, Davos is your place to be. If you want to let your hair down, catch some fish without having to worry about obsessed fans mobbing you for an autograph, and learn how people who don’t work for Bill Gross live, Camp Kotok’s got your name on it. Read more »
Yesterday, we learned that after months of turmoil following the departure of Mohammed El-Erian, Bill Gross had finally found a way to bring some much needed stability to his life and to his firm: Paul McCulley. Returning to the fold following his 2010 departure, the former Pimco executive has been named “chief economist” and will report to Gross.
From the get-go it, it was clear that in coming out of retirement, cutting his hair, and buttoning his top button, McCulley was making a huge sacrifice for his buddy Bill. But a new report suggests that the McCulley hire goes deeper than Gross simply needing an old friend by his side. He also needed a small furry creature to recommend stocks, and as luck would have it, McCulley could deliver both. Read more »
In Bill Gross’s darkest hour, former Pimco executive Paul McCulley decided not only to come out of retirement and serve as the “unifying force” at the firm, but to chop off his greatest asset. Read more »