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Thursday, January 30, 2014|
Do Six Deputy CIOs Equal One El-Erian?
So, Pimco has hired another four deputy CIOs to take the place of the departing Mohamed El-Erian. One good article to read on the subject is by Reuters. That makes a total of six deputy-CIOs to take the place of one man. Is this enough, too many, just nuts? To deepen the bench this much, Pimco must want to go gangbusters on executing, well, the expansion of its product line (note the unveiling earlier this week of 19 actively managed ETFs). They might also want to keep spares around in case any other executives leave. Will Pimco be able to move beyond its tumultuous times with equity? What skills do they have that El-Erian did, and did not, have? Will they play well with Bill Gross?
Printed from: MFWire.com/story.asp?s=47446
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