Former bond king Bill Gross needs a better screenwriter, says the investment giant Gross founded. On Monday PIMCO asked a California state judge to dismiss a lawsuit filed by Gross, saying it reads more like a movie script than a strong legal argument. PIMCO: Gross legal document reads more like a screenplay than a court pleading Calling Gross’s lawsuit against the firm he once headed “a sad postscript to what had been a storied career at PIMCO,” lawyers for PIMCO wrote in their rebuttal filed Monday in California Superior Court in Orange County. PIMCO, headquartered in Newport Beach, said the complaint reads…
PIMCO Says Former Bond King Gross Needs Better Screenwriter
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.