As Pimco Bleeds Assets, Gross Shows Risk Of Star Culture

LONDON (Reuters) - Bill Gross' exit from Pimco has seen billions of dollars leave the fund group and even more value wiped off the share price of its parent company, offering a warning both to firms who rely on star managers and the investors who chase them.

Topics:  london reuters     bill gross   pimco   star   
BING NEWS:
  • Why PIMCO High Income Fund (PHK) Hit a One-Year Low Today
    "I chose Janus as my next home because of my longstanding relationship with and respect for CEO Dick Weil and my desire to get back to spending the bulk of my day managing client assets," Gross ...
    09/26/2014 - 6:57 am | View Link
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