PIMCO

bill grossThe compensation committee keeps the minutes of its meetings private, but considering that Gross far surpassed any expectations parent company Allianz might’ve set in the aforementioned areas, it seems obvious crows1 and alienation figured significantly in his 2013 pay. Read more »

Who?The maestro’s former fund still exists, as the company will demonstrate today. Sure, it’s trading with a lot less money. But it’s a survivor, and it’s even doing basically the same stuff that Gross did before he quit before he could be fired pursued a new opportunity in Denver. Read more »

bill grossWhen Mr Gross expressed frustration with his company and suggested he may be looking for a new berth, Mr Weil promised to “move heaven and earth” to accommodate him at Janus. At the moment, that means furnishing a permanent office to Mr Gross’s liking in Newport Beach, California, just yards from Pimco. Rather than giving him a large team to manage and a desk on an open plan trading floor, Mr Gross will work behind a closed door. The aim is to prevent the kinds of outbursts that upset many Pimco staff. Mr Weil says he “wouldn’t dispute” the characterisation that Mr Gross has to be managed with kid gloves. “Bill likes quiet time to think, and our job is to make this fun and successful for Bill so he does it for a long time.” [FT, related, related, related]

  • 17 Oct 2014 at 2:58 PM

So This Is Still Happening

gasparino gross

Earlier: Fox Business Senior Boombox Correspondent Infiltrates Pimco Trading Floor

  • 15 Oct 2014 at 1:22 PM

Square Footage Watch ’14: Bill Gross

Gross is reportedly losing office space faster than assets but the good news is that if he’s ever feeling cramped, he can take a quick walk over to his old digs and stretch his shit out, assuming his old Pimco ID still works, which is admittedly a big if. Read more »

  • 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 »

“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]