Bill Gross Investigation Raised Tensions At PIMCO

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…