Net Net: Promoting innovation and managing change
Net Net: Promoting innovation and managing change

Gross on Pimco: Better 'than we were before'

Bill Gross and the rest of bond giant Pimco are moving past the Mohamed El-Erian era.

In his latest letter to clients, Gross, the co-chief investment officer of the firm that manages $1.92 trillion for clients, did not mention El-Erian by name but asked clients to stick with the firm now that the former CEO is gone.