, founder of Vanguard
and Bill Gross
, founder of Pimco
, are two giants of the fund industry, that is without question.
They are such giants that the media, rightly or wrongly, devotes a great deal of attention to their personal lives.
Take for instance the devotion the financial press displays to the life of Mr. Bogle. His humble beginnings were profiled in in the Philadelphia Business Journal
as was his education
, also by the same paper.
The reporter sought to get as many lessons as possible from the venerable fundster sage. He wasn't the only one. MarketWatch
also paid attention to Bogle on what he has to say about the debate over high frequency trading and its impact on the investing world
Meanwhile, we've learned a great deal recently about the passing of Bill Gross' cat. The 14-year old female feline, named Bob, was featured in Dealbreaker
, USA Today
, and MarketWatch
. Gross also beautifully eulogized the feline in his monthly investment outlook piece
At the same time, Reuters reported Mercer terminating some Pimco mandates, after ING pulled Pimco from two mandates as well
. We also learned, again from Reuters
, that some Allianz shareholders are pushing the Pimco's German parent to tighten the reins on Gross' shops
Two different fund giants, sought by the press in different ways and for different reasons. Undoubtedly we are learning different things from both giants.
Let's see what we learn next from both of them. Neither of them are escaping our microscope any time soon.
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