HFA Icon

Mohamed El-Erian Announces Exit From PIMCO

HFA Padded
Mark Melin
Published on
Updated on

Mohamed El-Erian, chief executive officer and co-chief investment officer of Pacific Investment Management Company (PIMCO), surprised the investment world when he announced his resignation today from the global asset management firm with nearly $2 trillion under management.

Mohamed El-Erian Announces Exit From PIMCO

Mohamed El-Erian will leave PIMCO in mid-March as part of a “leadership overhaul,” Allianz SE (ADR) (OTCMKTS:AZSEY) (FRA:ALV) ( ETR: ALV), PIMCO’s parent company, said in a statement.  Douglas Hodge, the managing director and chief operating officer, has been named the new CEO.  El-Erian will stay...

Membership Required

You must be a member to access this content.

View Membership Levels

Already a member? Log in here

Premium Members Get EVEN MORE VALUE

Subscribe to Hedge Fund Alpha

Insider Strategies and Letters to Shareholders from the Top Hedge Funds and Maximize Your Portfolio Growth with Hedge Fund Alpha

Don’t have an account?

Subscribe and get an extra 20% off annual with code LETTERS
HFA Padded

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.