Reuters Money: Pimco moving away from Bill Gross model, CEO says

	Click to View in Browser 09/29/2014 Pimco moving away from Bill Gross model, CEO says (Reuters) - Pimco is moving away from a founder-led model and the $2 trillion asset manager's flagship fund, formerly run by co-founder Bill Gross "does not define Pimco," CEO Doug Hodge said on Sunday. Pimco sees $10 billion in withdrawals after Gross exit: WSJ NEW YORK (Reuters) - Bill Gross's exit from the investment firm Pimco had an immediate impact on the company, with investors withdrawing about $10 billion following the announcement, the Wall Street Journal reported, citing a person familiar with the matter. Gross begins second act as bond guru at tiny Janus fund NEW YORK (Reuters) - For Bill Gross, quitting Pimco's $222 billion Total Return Fund to take over a $13 million fund at Janus Capital is like resigning the U.S. presidency to become city manager of Ashtabula, Ohio, population 18,800. UK fund assets hit record 6.2 trillion pounds in 2013: report LONDON (Reuters) - The UK fund management industry looked after a record 6.2 trillion pounds ($10 trillion) at the end of 2013, 50 percent more than its pre-financial crisis peak, a report by a prominent financial services lobby group said on Monday. Gross' sudden Pimco exit may quicken outflows to rivals Bill Gross, who built Pimco into a $2 trillion asset manager and became one of the world's best-known bond investors, quit the firm he co-founded on Friday after his flagship fund suffered its 16th straight month of outflows and amid a Securities and Exchange Commission probe into whether one of his funds artificially inflated returns. How Bill Gross became too hot for Pimco to handle NEW YORK (Reuters) - Bill Gross' abrupt departure from Pimco, the giant bond firm that he co-founded more than four decades ago, was preceded by months of clashes between the star investor and the firm's executive committee that got progressively worse, according to sources familiar with the situation. Allianz could face hundreds of billions in outflows on Gross exit: Morningstar NEW YORK (Reuters) - Bill Gross's departure from investment firm Pimco could lead investors to pull hundreds of billions of dollars in assets from its parent company and invest them with Janus Capital Group, the rival firm that Gross is joining, a Morningstar analyst said Friday. Ivascyn to be new Pimco chief investment officer: source (Reuters) - Pimco's Deputy Chief Investment Officer Daniel Ivascyn is expected to succeed Bill Gross as the new chief investment officer of the giant bond fund, after Gross' departure, a source familiar with the situation said. Speculators turn positive in U.S. 10-year T-note futures: CFTC (Reuters) - Speculators turned net bullish on U.S. 10-year Treasury note futures in the latest week, according to Commodity Futures Trading Commission data released on Friday. 'Bond King' Bill Gross quits Pimco for Janus NEW YORK (Reuters) - Bill Gross, the bond market's most renowned investor, quit Pimco for distant rival Janus Capital Group Inc on Friday, the day before he was expected to be fired from the huge investment firm he co-founded more than 40 years ago. Related Video Bonds jittery as Bond king changes throne; Stocks rally PIMCO's Gross bolts to join Janus Business News Stock futures point to lower open amid Hong Kong unrest U.S. consumer spending accelerates in August The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend