Strains at global investment firm Pimco persist more than six months after the abrupt January resignation of previous co-chief executive Mohamed El-Erian, The Wall Street Journal reports.
Founder Bill Gross, the face of a firm that manages $1.97 trillion and its star investor, has threatened to quit more than once since El-Erian's March departure, sources tell the paper.
It's been a tough time for Gross, Pimco's chief economist Paul McCulley said in an interview on CNBC's "Squawk Box" on Tuesday. "I've known Bill Gross almost a quarter century." But McCulley asserted the mood at the firm is positive.