The chief investment officer and co-founder of the Allianz-owned bond giant left today in a surprise move, and will join Denver-based asset manager Janus Capital.
Gross, who will remain based at a new Janus office in Southern California, is reported to have left the firm after several weeks of internal discussions about his potential ouster from Pimco. Those discussions centered around his colorful behavior and an ongoing Securities and Exchange Commission (SEC) investigation into allegedly-misreported performance for the exchange-traded fund linked to Pimco's $222 billion total return fund, one of the largest of its kind.
The move comes after Mohamed El-Erian, Pimco's other co-founder, decided to step back from his role as co-CIO earlier this year.
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails