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.
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.