Daniel Ivascyn News

Bond fund manager Bill Gross on Tuesday accused Pacific Investment Management Co. of falsely claiming he suddenly decided to abandon the firm he co-founded in an effort to win dismissal of his $200 million breach-of-contract lawsuit. In papers filed in …

Allianz SE, Europe’s biggest insurer, said first-quarter profit from asset management slid on outflows from Pacific Investment Management Co. Operating profit at the business, which consists of Newport Beach, California-based Pimco and Allianz Global Investors, fell 14 percent to 555 …