Some big lessons in this story…

Some big lessons in this story…

Pimco Strife Puts Allianz Management of Firm Center Stage
By Oliver Suess
September 26, 2014 2:36 PM EDT
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With two key leaders quitting Pacific Investment Management Co. in nine months, Allianz SE will need to show that Europe’s biggest insurer is capable of managing a mutual fund behemoth.
Bill Gross, 70, who co-founded Pimco more than four decades ago and rose to become manager of the world’s biggest bond fund, is leaving amid a dispute over how to move the firm forward and end record redemptions. His exit comes after Pimco in January announced the abrupt resignation of former Chief Executive Officer Mohamed El-Erian, who had clashed with Gross over management of the firm.
Gross’s departure also coincides with a U.S. regulatory probe … To article

http://mobile.businessweek.com/news/2014-09-26/pimco-strife-puts-allianz-management-of-firm-center-stage

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