Investors continue to pull money out of Bill Gross' new bond fund, though the exodus slowed somewhat in July.» Read More
According to sources, it appears Pimco's Bill Gross was well aware he was on his way out, reports CNBC's David Faber. Gross has announced he is leaving Pimco for Janus Capital.
Dan Ivascyn, Pimco's current deputy chief investment officer, will succeed Bill Gross and take over portfolio management at Pimco, according to a report from Dow Jones.
Nearly all of Pimco's funds fell by more than 1 percent Friday morning, and its Total Return ETF (BOND) saw record volume.
According to Dow Jones, Pimco deputy CIO Dan Ivascyn is likely to take over portfolio management at Pimco. CNBC's Dominic Chu has the details.
Amid the departure of Bill Gross from Pimco, James Stewart of The New York Times, shares his thoughts on Gross' recent performance and reports of erratic behavior.
Though Bill Gross' exit from the firm he co-founded was shocking, mutual fund pioneer Jack Bogle had high praise for the "Bond King."
John Bogle, Vanguard founder, provides insight on the departure of Bill Gross from Pimco and the opportunity for Janus Capital. Bogle says Gross is a true giant and legend in the industry.
According to sources, Pimco's Bill Gross was going to be fired tomorrow and had been exhibiting increasingly erratic behavior, reports CNBC's David Faber.
CNBC's David Faber reads the first statement issued from Pimco after reports said Bill Gross is leaving the firm for Janus Capital.
CNBC's Andrew Ross Sorkin explains the details of how portfolio manager Bill Gross landed at Janus Capital. Sorkin says people very close to Pimco had no idea Gross was leaving.
Legendary portfolio manager Bill Gross is leaving Pimco to manage the Janus Global Unconstrained Bond Fund. CNBC's David Faber and Jim Cramer discuss the stunning news.
According to a news wire report, Bill Gross will manage the Janus Global Unconstrained Bond Fund beginning Monday, September 29th. Rebecca Patterson, Bessemer Trust managing director and CIO, shares her thoughts.
The SEC is probing whether Pacific Management Company inflated returns on its Pimco Total Return ETF, The Wall Street Journal reports.
Mohamed El-Erian expected to go quietly. The one-time Pimco heir apparent had no idea leaving the firm would create a firestorm.
Growth depends on the productive use of investment and "capitalistic animal spirits," but that is not taking place now, Pimco's Bill Gross said.
Bankers, traders and fund managers are practicing yoga in order to build their mental faculties and improve their ability to focus.
Why experts say you shouldn't bet against the U.S. bond market rally anytime soon.
Bill Gross, Pimco CEO, is surprised by the magnitude of the decline in global growth and explains why he likes closed-end bond funds.
But the mood at Pimco aren't as bad as some reports suggest, Chief Economist Paul McCulley tells CNBC.
U.S. stocks closed mixed on Wednesday as the Dow and S&P 500 pushed into uncharted territory ahead of a government jobs report.