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PIMCO and Bill Gross Part Ways


October 2014

Bill Gross, the co-founder and longtime chief investment officer of Pacific Investment Management Co. (PIMCO) recently announced his departure from the firm. Gross is widely recognized as having been instrumental in the success of PIMCO and the strength of its bond funds. Because PIMCO’s bond funds (in particular, the Total Return Fund) are a key component of many retirement plan investment platforms, plan fiduciaries should consider what effect, if any, Gross’s departure might have on PIMCO and whether his departure impacts the prudence of retaining PIMCO’s funds in their plans.  

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