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Rating:Can the Bond King Uphold His Throne With Equities? Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, March 10, 2014

Can the Bond King Uphold His Throne With Equities?

News summary by MFWire's editors

Well, it's no secret now that Pimco has had a rough year, with record redemptions along with tensions between co-founder Bill Gross and departing CEO Mohamed El-Erian, which recently got even more tense.

Can a push into equities help the troubled bond-house put this bad year behind it? A Financial Times article suggests that the Gross et al are betting on such a move.

This would jive with recent comments made by new equities head Virginie Maissonneuve about her vision for the future of the business.

However, Pimco's previous equities pushes have been problematic, with previous equities head Neel Kaskari leaving in January 2013.

Let's see whether equities do the trick this time around.  

Edited by: Tommy Fernandez


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