Allianz Stands By PIMCO’s Bill Gross Amid Woes

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Mani
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Pimco Bill Gross Janus Capital

Bill Gross lags behind rivals for the third year in the last four, and investors have pulled $64 billion from PIMCO Total Return Fund since May 2013. Allianz dubs Bill Gross as an industry legend Allianz SE (ADR) (OTCMKTS:AZSEY) (ETR:ALV) called PIMCO’s Chief Investment Officer Bill Gross an industry “legend” despite the fact his main fund trails peers and its assets under management shrank to $225.2 billion last month. Jay Ralph, the German insurer’s management board member responsible for asset management said in an interview in Munich last week: “We want Bill Gross to work as CIO for as long…

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Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports