In the Margins

Gross left handwritten resignation in 'middle of the night,', PIMCO says

April 5, 2016

By The Wall Street Journal

Bill Gross resigned from PIMCO in 2014 via a handwritten letter left “in the middle of the night,” according to a court filing from the firm. The note executives found Sept. 26, 2014, was addressed to “CEO, PIMCO” and stated: “This letter will confirm my resignation from PIMCO as of Sept. 26th, 2014 at 6:29 AM PST,” PIMCO said in its filing. The letter was signed “William H. Gross.” Read the original story from The Wall Street Journal.

 

 

Most Read

Top of the Agenda - Compensation
IDC: Directors see modest pay increase in 2021

Independent mutual fund director compensation levels increased in 2021, though the year-on-year change was significantly lower than in 2020, according to new data obtained by Fund Board ...

Top of the Agenda - Regulatory
SEC to advisers: Turn over 15(c) documents, info

The Securities and Exchange Commission has begun requesting documentation and information from mutual fund advisers about their funds' 15(c) processes and fees. The Division of Enforcement ...