El-Erian Can't Respond To Pimco's Gross Due To Terms Of Departure: Sources

wochit news
April 11, 2014 AT 7:53 AM
Former CEO of Pimco Mohamed El-Erian has been unwilling to respond to criticism from the bond investment firm's chief investment officer Bill Gross because of a strict non-disclosure agreement he made with Pimco. The bond fund shocked investors in January when it announced that El-Erian was leaving the firm. He had been groomed to be successor to Gross, who is known as 'The Bond King' and who oversees nearly $2 trillion of assets.