PIMCO

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]

  • 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 »

“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]

We’re talking individualized monthly outlook letters. We’re talking autographed, limited-edition photos of Bill and Bob doing things together around the house. Read more »

  • 06 Oct 2014 at 11:27 AM

Bill Gross Will Destroy PIMCO Single-Handedly

As in, he’s going to do it with one hand tied behind his back. Also with both eyes closed and only one trader. Then he’s going to re-grow his moustache and take his amazing show of bond-trading feats on the road to perform for the adoring crowds that are beyond doubt heading his way. Maybe he’ll even saw Mohamed El-Erian in half. That will show the naysayers. Read more »

  • 03 Oct 2014 at 12:07 PM

So That’s Something


[@cgasparino, earlier re: Bill Gross and conga lines]