Active fund managers may be having their best year since the financial crisis, but investors don't seem to care.» Read More
In the dilemma between working at one of the biggest bond managers and running a food truck, the bond firm apparently wins out.
The sudden departure of Bill Gross prompted the move.
Asked if he'd want his old job back, Mohamed El-Erian tells CNBC: "No, I'm really happy with my life."
Mohamed El-Erian, Allianz chief economic adviser, shares his thoughts on the departure of bond king Bill Gross and the future of Pimco.
Bill Gross's new employer saw a 7 percent increase in short interest in the past month, according to new data.
Russell Investments and the Fort Lauderdale Police & Fire Retirement System dropped PIMCO as their bond portfolios manager following the exit of Bill Gross.
Pimco will not be changing its Total Return Fund in the wake of Bill Gross' sudden exit, the fund's new manager says.
Scott Mather, Pimco CIO, discusses how the world's biggest bond fund is planning to stop outflows since the departure of Bill Gross.
The Arkansas Teacher Retirement System says it has cut ties with Pimco as the fallout continues since Bill Gross' abrupt departure last month.
JPMorgan reported a third-quarter profit, as it moved past huge legal claims that caused it to book a rare loss in the same quarter last year.
Investors held their breath for another wild day, in a whipsaw week that has seen some of the biggest gains—and losses—for stocks all year.
CNBC's Dominic Chu provides the highlights from Bill Gross' first investor letter as a member of Janus Capital.
Bill Gross said global economic growth is declining, causing central banks to take an aggressive stance unlikely to change soon.
Take a look at some of Wednesday's midday movers:
With the obligatory post-departure diplomacy behind him, Gross is ready to take down his former employer and anyone else who gets in his way.
"Managing money is in my blood," Bill Gross, who is the co-founder of Pacific Investment Management Co., told Barron's this weekend.
Gross’s unusual behavior have been well documented, but what is as remarkable is how Pimco came to believe Gross was a liability. The FT reports.
Allianz will replace chief executive officer Michael Diekmann next year with Oliver Baete in the wake of Bill Gross's sudden departure from Pimco.
Pimco's flagship Total Return Fund saw an estimated $23.5 billion in outflows in September, the investment firm said.
"Shark Tank" investor Kevin O'Leary and CNBC's Rick Santelli discuss chaos surrounding Bill Gross' departure from Pimco.