Lessons Learned: The Parable of the Star Manager
The departure of a star manager like PIMCO’s Bill Gross doesn’t necessarily hurt investors, but it can do serious damage to the fund company that employs him.
Julie Segal
October 20, 2014
Bill Gross, co-chief investment officer of Pacific Investment Management Co. (PIMCO), stands for a photograph prior to an alumni event hosted by UCLA Anderson School of Management in Beverly Hills, California, U.S., on Thursday, Nov. 17, 2011. Gross said the European debt crisis is the top risk to the U.S. economy currently. Photographer: Andrew Harrer/Bloomberg *** Local Caption *** Bill Gross
Bloomberg
