Gross feuding with El-Erian

Discussion in 'Wall St. News' started by drownpruf, Apr 13, 2014.

  1. I personally don't get it. I am no fan of Gross, but wtf is wrong with El-Erian? Guy makes $100MM in a year where his fund LOST 8% and he's bitching? Sounds like a whining dilettante. wtf arrived at that compensation figure? How much would he have made had he not performed in the bottom decile of funds?!

    Gross supporters suggest there was conflict over the performance of the Global Multi-Asset Fund, which was El-Erian’s responsibility. The fund was tiny compared with Pimco’s overall size, at below $2 billion in assets, but it had a difficult year in 2013 in particular, losing 8 percent and looking even worse when compared with similar funds.
  2. They both sound like utter douchebags, IMHO...