Professional blackjack player and psychology major Bill Gross has a bone to pick with his former colleagues at PIMCO, including one with his one-time anointed successor Mohamad El-Erian, who gross says in a legal complaint didn’t want to be held accountable for performance on risky investments. The suit follows PIMCO receiving a Wells Notice from the SEC regarding performance reporting during Gross’s tenure. Bill Gross driven out of PIMCO by a lust for power & greed To a Harvard-educated business major one might think a blackjack playing psychology major might not make an “appropriate” investment manager. But in reality the ability…
Bill Gross Lawsuit: El-Erian Wouldn't Accept Performance Responsibility
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.
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