Veteran bond manager Bill Gross is suing his former employer PIMCO for "hundreds of millions of dollars" following his dismissal in 2014, according to reports.
Bloomberg reported the bond manager believes he was wrongfully pushed out by PIMCO executives who were after a larger slice of the bonus pool. He was set for a $250m bonus but as he left before the...
Since November 2008
Share issue oversubscribed
PARTNER INSIGHT: For many advisers, outsourcing to a multi-manager or discretionary fund manager makes sense, allowing them to focus on the adviser-client relationship
Events, information and other services
An added tier of asset management can of course deliver additional benefits for certain investors, writes Graham Bentley - just be sure you can justify it to the regulator and, especially, the client