Is Investor Confidence in PIMCO Shaken?
Recent allegations have turned up the noise around PIMCO, but a bigger concern is whether the fund shop's new deputy CIOs can stand up to Bill Gross when needed, says Morningstar's Eric Jacobson.
Jeremy Glaser: For Morningstar, I'm Jeremy Glaser. New reports have emerged that tensions between PIMCO's Bill Gross and his former heir apparent, Mohamed El-Erian, are escalating.
I'm here today with Eric Jacobson, a senior analyst here at Morningstar, to see what these allegations could mean for PIMCO investors and the firm.