Last month, Former bond king Bill Gross announced his retirement following a 40-year career that includes helping to build Pacific Investment Management Company (PIMCO) prior to leaving to run his own fund Janus Henderson.
Gross was widely known as a financial maven where his commentary on the capital markets, particularly in the fixed income space, was highly regarded.
“I’ve had a wonderful ride for over 40 years in my career — trying at all times to put client interests first while inventing and reinventing active bond management along the way,” said the 74-year-old Gross in a statement.
Gross’ time at Pimco includes running the world’s largest mutual fund, the Pimco Total Return Fund, which includes $300 billion in total assets. Despite a falling out with then-CEO Mohamed El-Erian after a much publicized dispute with the firm, El-Erian recalled Gross’ tenure in the markets as an innovative run.
“Bill leaves behind him a long history of fixed income innovation, as well as investment approaches and frameworks that many investors still use today,” El-Erian said in an emailed statement.
In the video below, Gross spoke with Bloomberg’s Erik Schatzker in Newport Beach, California, about being diagnosed with Asperger’s syndrome, the autism-spectrum disorder, politics and if there will be another bond market king.
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