Pimco says the lawsuit by co-founder Bill Gross is merely an attempt to salvage a personal legacy he damaged himself, but Gross's attorney reiterates that it's about "a money grab."
Vanguard's Total Bond Market Index Fund (VBMFX) may be larger than PIMCO's Total Return Fund (PTTRX), but it doesn't mean the passive investment strategy has triumphed over actively managed funds.
The hysteria surrounding Bill Gross' resignation is causing some investors to make short-sighted, emotional mistakes. But it's time to cut through the hype.
Morningstar downgraded Pimco’s Total Return Fund, the top performing bond fund managed by Bond King Bill Gross from 1987 through his surprise resignation on Friday