Well, it's no secret now that Pimco
has had a rough year, with record redemptions along with tensions between co-founder Bill Gross and departing CEO Mohamed El-Erian
, which recently got even more tense
Can a push into equities help the troubled bond-house put this bad year behind it? A Financial Times article
suggests that the Gross et al are betting on such a move.
This would jive with recent comments made by new equities head Virginie Maissonneuve
about her vision for the future of the business.
However, Pimco's previous equities pushes have been problematic
, with previous equities head Neel Kaskari
leaving in January 2013
Let's see whether equities do the trick this time around.
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