1,000,000 + Attorneys and Legal Staff - Legal employers hire more people on LawCrossing than any other site.
Argentina Has Defaulted According to S&P
Argentina Has Defaulted According to S&P
Bolivia Allowing Child Labor to Reduce Risks
Bolivia Allowing Child Labor to Reduce Risks
War Does Not Stop Law Firm Mergers in Israel
War Does Not Stop Law Firm Mergers in Israel
Restructuring Law in Puerto Rico Sued by Hedge Fund
Restructuring Law in Puerto Rico Sued by Hedge Fund
Job Listings

Dr. Mohamed El-Erian Takes Break from PIMCO, Bill Gross in Shock

facebooktwittergoogle_plusredditpinterestlinkedinmail

Dr. Mohamed El-Erian is as much a part of the world’s largest fixed income fund as is Bill Gross. Since 1999 Dr. El-Erian has been a critical part of PIMCO’s fixed Income Investment Strategy. When El-Erian mentioned that he wanted to take a break and “recharge the batteries” Gross was “shocked and discouraged,” according to Bloomberg.

Gross tweeted that he was 110% ready and recharged and that he could last another lifetime. But Dr. Mohamed El-Erian had his nose to the grindstone hard for some time now. And now he wants his well-deserved new-normal break. Vcircle notes, “El-Erian had increasingly been Pimco’s public face, appearing regularly on cable television and at industry conferences.” Over four decades Bill Gross built Pimco and he had expected El-Erian to take over.

Dr. El-Erian was a deputy director at the International Monetary Fund before he came to Pimco. He also was the CEO of an investment fund of Harvard University.

Analysts expect there to be a sizable impact now that El-Erian is leaving Pimco. So far, the needle hasn’t moved, but the expectations are there. In cases when important heads leave their roles, investors can become flighty and pull out. Wherever Dr. EL-Erian will decide to hang his hat, he will be warmly received and his fans wish him the best.

What

 job title, keywords

Where

 city, state, zip



Get JD Journal in Your Mail
Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!


Dr. Mohamed El-Erian Takes Break from PIMCO, Bill Gross in Shock by
facebooktwittergoogle_plusredditpinterestlinkedinmail

Tagged:

Posted by on February 1, 2014. Filed under World News. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

 

 

Job of the Day
International Tax Associate
USA-NY-New York City

Prestigious foreign-based international law firm seeks 4th to 7th year U.S. tax associate for its New York office.  The candidate must have 4-7 years of experience in international taxation, pref...