Investors have been withdrawing money aggressively out of bond funds recently, and it's pretty much all Pimco's fault.» Read More
Pimco saw a record $27.5 billion in withdrawals from Pimco Total Return Fund in October, extending large net outflows following Bill Gross' departure.
In the dilemma between working at one of the biggest bond managers and running a food truck, the bond firm apparently wins out.
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, says the Fed's policy bet depends on keeping valuations high in order to pull up fundamentals.
Mohamed El-Erian, Allianz chief economic adviser, shares his outlook on the Fed's plan to wind down its quantitative easing program and the unlikelihood of QE4.
Mohamed El-Erian, Allianz chief economic adviser, shares his thoughts on the departure of bond king Bill Gross and the future of Pimco.
Pimco executives sought to chart the firm's way back into the market's good graces after the departure of its founder.
The headline-grabbing departure of bond king Bill Gross rocked the investing world, but Dennis Gartman thinks everyone will get over it soon enough.
Bond guru Bill Gross is joining Janus Capital Group, effective Sept. 29, the company announced Friday.
The name most often mentioned is Jeffrey Gundlach, head of $52 billion DoubleLine Capital.
Bill Gross is one of the most respected and colorful investors on Wall Street, the New York Times reports.
Mohamed El-Erian expected to go quietly. The one-time Pimco heir apparent had no idea leaving the firm would create a firestorm.
Mohamed El-Erian, Alliance chief economic adviser, shares his thoughts on the global economy.
Mohamed El-Erian, Allianz chief economic adviser, shares his thoughts on Friday's employment report and when the Fed is likely to raise interest rates.
If wages improve in the next few jobs reports, then the Fed may change its view on raising interest rates, Mohamed El-Erian said.
But the mood at Pimco aren't as bad as some reports suggest, Chief Economist Paul McCulley tells CNBC.
Mohamed-El-Erian, Allianz chief economic advisor, explains how productivity and macroprudential policy are impacting the economy and Fed policy.
A future of interest rates near zero means slower but more steady growth, according to "Bond King" Bill Gross.
Bond manager Pimco lost one familiar face this year but is seeing another return.
German insurance giant Allianz reported first quarter results on Wednesday that were hit by hefty outflows from Pimco.