Gross-El-Erian rift grows
Today: The Gross-El-Erian rift grows as Total Return's performance lags. Plus: It's jobs report day, here's what you need to know; the bitcoin story goes all O.J.; household wealth rallies and whether wealth management and car racing mix. Oh, turn your clocks back this weekend.
- After the Wall Street Journal chronicled the growing split between Pimco co-founder Bill Gross and departing CEO Mohamed El-Erian, things seemed to quiet down. Not so much. Exclusive: Pimco’s Gross declares El-Erian is ‘trying to undermine me’
- And all this turmoil at the bond fund giant when Mr. Gross really needs to focus on performance. Pimco Total Return trails 71% of peers in February
- By the way, today is jobs day. Here’s what you need to know. 5 things to watch: Jobs report
- This bitcoin founder story, sparked by an article in Newsweek (The face behind Bitcoin), has gone all O.J. Simpson. Satoshi Nakamoto chased by reporters, denies founding bitcoin
- Do wealth management and car racing mix? We’ll soon find out. Biggest wealth fund urged to explain Formula One investment
- U.S. household net worth surges as gains in the stock market and rising home values helped affluent investors. U.S. household net worth hits record high
- You’re going to lose an hour of sleep this weekend when daylight savings time starts. Here’s how boomers can get a good night’s sleep.
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