This comes after months of internal turmoil and an SEC investigation into how a fund Gross managed priced its assets.
“As much as I could rationalise it – as I had rationalised it – my work-life balance had gotten way out of whack, and the imbalance was hurting my very special relationship with my daughter.”
Bill Gross’s son Nick may not know what a bond is, but he does have an 18-inch floor tom. And he’s not the only finance son or daughter to go from stock and bonds to chords and harmonies.
Bill Gross, founder of the world’s largest bond fund, PIMCO, was the subject of a devastating article in The Wall Street Journal that questioned his management style and recent investment performance, laying much of the blame for the recent departure of CEO Mohamed El-Erian at his feet.
Bankers, investors and industrial CEOs are not at all happy about this.