Dan Ivascyn, who succeeded Bill Gross as Pimco's new chief investment officer, acknowledges that life at the firm is now "less glamorous."» Read More
More than 60 percent of the money raised by Bill Gross for Janus Capital came from a Morgan Stanley wealth management office.
Some of Wednesday's midday movers:
Bond guru Jeffrey Gundlach said he expects the Fed to raise rates in 2015, but not on the strength of economic fundamentals.
Pimco denies a report that co-founder Bill Gross received a $290 million bonus in 2013.
Pimco posted outflows of $48.3 billion across its open-ended funds in October following the surprise departure of Bill Gross.
Pimco saw a record $27.5 billion in withdrawals from Pimco Total Return Fund in October, extending large net outflows following Bill Gross' departure.
Asked if he'd want his old job back, Mohamed El-Erian tells CNBC: "No, I'm really happy with my life."
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.
Goldman Sachs is in discussions to acquire IndexIQ, an exchange-traded fund provider, according to three sources familiar with the situation.
The Arkansas Teacher Retirement System says it has cut ties with Pimco as the fallout continues since Bill Gross' abrupt departure last month.
Market internals have deteriorated dramatically, which may indicate its time for a bounce.
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.
Morningstar downgraded Pimco's Total Return fund on uncertainty regarding outflows and management following the departure of Bill Gross.
With all the buzz around bond indexes, the next big thing for mutual fund investors may be strategies that are the exact opposite.
Bonds gained as civil unrest in Hong Kong weighed on stocks and the yield curve flattened as investors bet that econ data would continue to improve.
After the spectacular blowup and exit at Pimco, a lot of people say Bill Gross is crazy. He's many things—but crazy he is not, says Ron Insana.
Officials from Pimco and Allianz looked to downplay the loss of Gross, who founded the firm 43 years ago.