More Conflict At Pimco Surrounding El-Erian Departure

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Mark Melin
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Updated on
Mohamed El-Erian

There was more acrimony at the top of Pimco than was previously known, according to one report. Top exec close to El-Erian left after becoming “disillusioned” with Gross Just hours before Mohamed El-Erian announced his departure from the firm, he was likely to eventually lead, Marc Seidner, then head of Pimco’s equity business, resigned after becoming “disillusioned,” according to a report in the Financial Times. For 18 months preceding his departure, Seider found the behavior of Pimco’s founder and CEO Bill Gross  “increasingly illogical and irrational,” according to the report.  Seider was close to El-Erian, having moved to Pimco from the…

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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.