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Main » 2015 » October » 9 » PIMCO have to sue Bill Gross
PIMCO have to sue Bill Gross

Bill Gross, whom everyone knows as a talented manager in the bond market, filed a lawsuit on the company PIMCO. The amount of the claim - 200 million dollars.



Recall that the company PIMCO was founded in 1971 and Gross is one of its founders. During his time at the company's Gross made unbearable contribution to the company, and it has created a fund Total Return Fund, which later became one of the world's largest bond funds. The assets of the fund in April 2013, amounted to 292.9 billion US dollars.

In 2014, Gross and PIMCO continues to leave his career in the company Janus Capital. In a statement, Gross points out that he wants to restore his good name and reputation that tarnished scandals, organized by unscrupulous company's top managers.

It is noteworthy that the money earned at the end of the trial will be used for charity, not for personal gain.


According to the materials WELTRADE


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