Seeking Alpha

El-Erian: Different styles stopped working well at Pimco

  • Bill Gross' and Mohamed El-Erian's different styles made "very good complements" in serving Pimco's clients and "leading the firm forward through both smooth and rough markets," the latter has told the WSJ. "That worked very well for a long time, until last year."
  • The WSJ describes El-Erian as having a "deliberate manner," which contrasted with Gross' "freewheeling style." El-Erian's comments come after he resigned in January and following media articles highlighting the break-down in the relationship between the men.
  • Still, El-Erian maintained that he "always had" and still has "an enormous amount of respect for Bill."
  • El-Erian also highlighted the desire to see his family more as another reason why he resigned from Pimco.
  • Pimco's parent company is Allianz (AZSEY).
  • Pimco funds: AUD, BABZ, BUND, CAD, CORP, DI, FIVZ, FORX, GOVY
  • Previous
From other sites
Comments (8)
  • TAS
    , contributor
    Comments (2457) | Send Message
     
    El-Erian has shown time and again that he is a cache personality who is a good writer and extremely well spoken--- and a very mediocre money manager.

     

    Gross needs to seek out a shrink to deal with his increasingly destructive ego.

     

    Gundlach is my choice for bonds and for prognostication.
    13 Apr 2014, 10:06 AM Reply Like
  • redarrow5150
    , contributor
    Comments (1108) | Send Message
     
    I couldn't have summed up what you said better. PIMCO and Gross are still top notch but he's admitted twice now in the past four years of missing the boat on his calls in the bond market.
    13 Apr 2014, 10:27 PM Reply Like
  • june1234
    , contributor
    Comments (3150) | Send Message
     
    When things aren't going well finger pointing begins. Glad the 2 billionaires got it worked out
    13 Apr 2014, 01:09 PM Reply Like
  • King Rat
    , contributor
    Comments (855) | Send Message
     
    Gross is from Ohio. El-Erian is from New York. No wonder they are not fit for
    PACIFIC Investment Management Company. Aren't there enough firms from back east to hire them?

     

    New Yorkers are nice people but way too intense for California.
    Likewise Ohio is great, but in Ohio, chill is a weather condition.

     

    PIMCO needs a go-with-the-flow, home-grown Californian to take the helm.
    14 Apr 2014, 02:36 AM Reply Like
  • Dr Joseph Haluska
    , contributor
    Comments (484) | Send Message
     
    I never saw Bill Gross as an image-building narcissist. That's not his ring to compete in. He is simply the best. How many times did Babe strike out? You will have to pry my Pimco funds from my cold dead hands. Thank you very much.
    14 Apr 2014, 04:00 AM Reply Like
  • redarrow5150
    , contributor
    Comments (1108) | Send Message
     
    Fall in love with your money and not in your stocks or bonds.
    14 Apr 2014, 09:05 AM Reply Like
  • Nicholas Pardini
    , contributor
    Comments (423) | Send Message
     
    PIMCO has a history of losing top talent who leave either to start their own fund, retire, or get a job elsewhere. Since PIMCO pays well to go through it's culture, high ranking execs do not need to work long there to cash out. I live in Newport and the ex-PIMCO guys make up the management most of the local hedge funds around here.
    14 Apr 2014, 04:43 PM Reply Like
  • littup
    , contributor
    Comments (456) | Send Message
     
    I used to like Gundlach...before I heard some of his analyses on equities e.g. APPLE.
    19 Apr 2014, 12:52 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs