Articles by John Gittelsohn

Gross Settles with Allianz’ PIMCO for $81M, Ending Bitter Legal Dispute

For Bill Gross, the long goodbye is finally over. More than two years after the legendary bond manager was ousted from Pacific Investment Management Co. — the firm he co-founded and built into a $2 trillion asset manager — he …

PIMCO Appoints Man Group’s Chief, Roman, as New CEO

Pacific Investment Management Co. named Emmanuel “Manny” Roman as its next chief executive officer, replacing Douglas Hodge, who presided over a tumultuous time that included the departure of Bill Gross and a plunge in assets at the firm. Roman, 52, …

Allianz’ PIMCO Axes Jobs in Response to Fall in Assets after Gross’ Exit

Pacific Investment Management Co. cut its workforce by 68 people, or about 3 percent, and is offering buyouts as assets under management have fallen in recent years, according to a memo obtained by Bloomberg. “Like any responsible business, PIMCO constantly …

Financial Services Industry Fails to Support Women in Career Progression: Mercer

The finance industry offers women a lot of work, especially at the entry level. But each rung up the career ladder, they are increasingly winnowed from the business by lagging recruiting, retention and promotion from within, according to new research. …