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January 6, 2019
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Bill Gross to Retire
Bill Gross, the 74-year-old one-time bond king who helped transform Newport Beach’s Pacific Investment Management Co. into one of the world’s largest money management firms, announced he is retiring on March 1.
Bill Gross
Bond manager of 2000s at PIMCO, which he co-founded (see Emmanuel Roman) … rough year, personal, professional … 5.6% decline, below peers; current fund’s assets down by half … Duke grad; foundation has given $800M ... Business Journal OC’s Wealthiest; OC 50