Ritholtz: Guess How Much Money Bill Gross Made Last Year?
Gross made nearly as much money at Pimco as 20 CEOs combined. Was he worth it? Barry Ritholtz asks.
Gross Exit Prompts $27.5 Billion in Withdrawals From PIMCO Total Return
But redemptions "slowed sharply" after the first five trading days of October, PIMCO said.
PIMCO Rehires Spence, Banet to Rebuild After Gross Departure
PIMCO has named Nobel laureate Michael Spence as consultant and rehired money manager Jeremie Banet as executive vice president.
Former PIMCO Parent Pacific Life Moves Accounts to Janus
Pacific Life is moving some money to Bill Gross’ new firm, Janus, which said the decision pre-dated Gross’ exit.
New Hire Roundup: OppenheimerFunds Makes 3 Senior Hires
The PCAOB announced its new chief hearing officer, and Capstone Financial Group has hired Steve Lee to spearhead advisor recruitment and coaching.
LPL Holdings Lawsuit: No Change in Pac Life Access, CU Staff
LPL said it bought the three companies from Pacific Life in 2007 for nearly $100 million.
XTF Strikes Variable Universal Life Deal
Exchange-traded funds are showing up in new places. Life insurance companies are now incorporating ETF solutions as sub-account investment options in both variable life and...
Steady at the Helm
As Winston Churchill crisply summed up: "The question which we must ask ourselves is not whether we like or do not like what is going...
Watch LPL Grow
LPL Financial, the big independent broker/dealer, stamped its seal even more emphatically on the independent B/D universe, and ended speculation over the future of Pacific...
LPL to Buy Three PacLife BDs and Near the 10,000-FA Mark
After months of speculation, LPL Financial Services says it has reached a deal to acquire three of Pacific Life Insurance Company's broker-dealers: Mutual Service Corporation,...