The situation inside PIMCO with founder and its chief public face Bill Gross, considered a great manager of investments but not of people, was tense in recent years. But the recent Securities and Exchange probe into inflated returns of Gross’s own Total Return Exchange-Traded Fund pushed the situation to a boiling point, according to ValueWalk sources. Bill Gross leaves PIMCO for Janus Some inside PIMCO were said to be surprised when Bill Gross announced he was leaving to join Janus Capital Group Inc (NYSE:JNS), but at a high level it appears the exit of Gross from the company he founded…
Bill Gross Investigation Raised Tensions At PIMCO
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.