Gross proposed. Asia Pacific; EMEA; Latin America; UK Solicitors; UK Bar; United States [3] In October 2012 he gave a speech at the Securities Industry and Financial Markets Association (SIFMA) Annual Meeting, entitled "Restoring Trust in the New Normal", in which he lamented that the financial industry had squandered the trust of the public with a series of scandals in the industry, with some in the industry having been guilty of "downright dishonesty". In July 2014, the Egyptian Cancer Network gave him the Lifetime Achievement Award for his support of cancer treatment and cures for children in Egypt. Will His AI Plans Be Any Different? This base compensation is the equivalent of $40 per hour assuming a 40 hour work week (2,000 hours per year). Pay ranges for the same job title may differ based on the location and the responsibilities, skills, experience, and other requirements for a specific job. HW Media connects and informs decision makers across the housing economy. The pay packages included 29.9m earned by the fund manager's highest paid director, which dwarfs the $23m (14m) that Jamie Dimon, chief executive of JP Morgan, received in 2011. Mr. Ivascyn runs the $39.3 billion Pimco Income Fund (PIMIX), which beat 99% of peers last year, returning 4.8%, according to data compiled by Bloomberg. "This year is a stinker," he said in a letter peppered with baseball metaphors. The boys look alike so I thought a football one would help too?[12] Two days later, Hodge e-mailed a different USC athletic department official (who is now criminally charged): We are preparing [my son's] 'sports resume' as you requested and should be able to send it on to you early next week.[12] His athletic profile during the admissions process stated falsely that he played varsity football as a sophomore through his senior season, was the varsity team's captain, and that he had twice been a New Hampshire Independent Schools All-American Selection, when in fact he had only played freshman football. Based on 22 salaries posted anonymously by PIMCO Account Analyst employees in Radcliffe, England. Everyone - from the merely highly-paid to low-wage workers - is losing ground to the new income elite. Professionals rely on HW Media for breaking news, reporting, and industry data and rankings. Finance & Accounting Based on 327 salaries Account Analyst 59 salaries Portfolio Associate 50 salaries View More Business Based on 236 salaries Vice President 61 salaries Account Associate 43 salaries View More Read what they think about their salaries on our Compensation FAQ page for PIMCO. Our portfolio management team is headed by our chief investment officers (CIOs), led by Daniel J. Ivascyn. The typical PIMCO Executive Vice President salary is $349,594. Global offices throughout the Americas, Europe and Asia, Portfolio Managers with an average of 17 years of experience, Investment professionals who have been at PIMCO for 10 years or more. However, despite growth of its funds, the pay for the European directors came in a year when Pimco founder Bill Gross wrote a note to investors entitled "mea culpa" in which he admitted that the performance of the firm's flagship fund had lagged the market. Mr. Schwarzman, whose Blackstone Group managed $266 billion at the end of last year, received $374.5 million in pay and cash dividends. Those 325 were paid salaries (including bonuses) totalling 172m. PIMCO employees rate the overall compensation and benefits package 3.7/5 stars. Pacific Investment Management Co. paid its former Chief Investment Officer Bill Gross a bonus of about $290 million in 2013, a year in which his Total Return Fund trailed a majority of peers, according to documents provided to Bloomberg View by someone with knowledge of Pimcos bonus policies. [13] He co-chairs the capital campaign for Cambridge University. All rights reserved. Pimco currently manages about $2 trillion. Shareholders of the Total Return Fund netted about $10 billion from its mortgage plays. I bet I even could find close to a billion and a half dollars in savings. Mostly worked through the pandemic so I worked through an odd time than most. The estimated additional pay is $260,767 per year. The estimated total pay for a Executive Vice President at PIMCO is $478,995 per year. The firm's Pimco Income Fund, now its largest bond fund after overtaking the firm's marquee Total Return fund, holds $75.4 billion in assets, up nearly $10 billion over the past six months alone.. They are grandmasters in story telling, taking any event that hurts the financial industry and turning it to soften employees' comp expectations instead of taking the hit to the business. This element of partnership has always been in place and has been a basis of success at Pimco. [64] On October 1, 2020, he took up office as President of Queens' College, Cambridge.[65]. Why? El-Erian was named to Foreign Policy's list of Top 100 Global Thinkers four years in a row: for 2009,[26] 2010,[27] 2011,[28] and 2012. HEDGE FUNDS. How much does Pacific Investment Management Company PIMCO pay? He now runs the $443 million Janus Global Unconstrained Bond Fund (JUCAX). He has appeared regularly on the Orange County Business Journal's list of most influential personalities. Andrew Balls, the brother of shadow chancellor Ed, has shared 57m in pay with six other directors of the European arm of Pimco, the world's largest bond investor. ), US Jobs Report and Powell Testimony Take Center Stage: Eco Week, Bond Mavens Favor Curve Wagers for Next Encounter With Jobs Data, Bank of Canada Risks Falling Too Far Behind Fed, Scotia Says, Feds Daly Says More Rate Hikes Likely Needed to Cool Inflation, Colombia Prices Rise Less than Forecast to a Fresh 24-Year High, Shortage ofMetals for EVs Is Rising Up the Agenda in Automakers C-Suites, VW Will Build a $2 Billion Electric Truck and SUV Plant in South Carolina, In Blacklisting Inspur, US Targets Partner Used by Intel and IBM, Alphabet Must Negotiate If Contract Staff Unionize, Labor Board Official Rules, Twitter Revenue, Earnings Fell About 40% in December, WSJ Says, Bolsonaro Says Mission Isnt Over as US Conservatives Fete Him, Biden Closes In on Order to Restrict US Investment in China Tech, Harrods Shrugs Off Recession Fears as Rich Get Richer, FT Says, Wealthy NYC Family Feuds Over $258 Million Madison Avenue Sale, Porsche, Ferrari E-Fuel Push at Heart of EU Engine Debate, Tom Sizemore, 'Saving Private Ryan' Actor, Dies at 61. However, despite stellar returns evading Pimco last year, it possesses highly rated funds and investors continue to deposit money. [citation needed], He also served as an executive committee member and on the Board of Directors of the Securities Industry and Financial Markets Association (SIFMA). Since 2007, he has served as chair of the Microsoft Investment Advisory Committee. It said variable personnel expenses, which are tied to profit, fell 8%. As CEO, he serves on PIMCO's Executive Committee and has executive oversight of the firm's client and business areas, including broad strategy-setting and resource management. Pacific Investment Management Co. paid former chief investment officer Bill Gross a bonus of about $290 million in 2013, a year in which his Total Return Fund (PTTAX) trailed a majority of peers,. The pressure to perform and remain at the top once you're there? Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. Thats exactly what professional tennis player Jannik Sinner had in mind when he met up with Lindsey Vonn, US Olympic Champion and one of the best alpine ski racers of all time. How much do PIMCO Software Engineer employees get paid? Grosss bonus 20 percent of the total bonus pool for 2013 places him in a compensation class of his very own. However, lack of job security since you are hired as a contractor. In March 2015 he was a featured speaker at the Egypt Economic Development Conference in Sharm El-Sheikh, Egypt. Purpose at PIMCO Careers Inclusion and Diversity Women & Investing Log in Register Access my Account Contact Us Firm Leadership The Leadership Team Our Executive Committee determines the company's strategic direction and oversees the broad scope of our operations. In October 2012, he delivered the keynote Bagehot at The Economist's Buttonwood Gathering in New York. . [8] He was also on PIMCO's executive committee, and on the global executive committee for Allianz Asset Management, the governing body of asset management for the Allianz Group. Executive Leadership. Executive Compensation Guide : Reviews fundamental characteristics of some common executive compensation plans including restricted stock, stock options . Fun fact. Janus Capital Group, [10] In June 2011, El-Erian received an honorary doctorate degree from the American University in Cairo. As of December 31, Pimco managed about $2.2 trillion in assets, which placed it among the largest money managers. Looking at Glassdoor, bonuses seem higher than quoted by the hiring manager. [5][3][1] He was also a board trustee of The Thacher School in Ojai, California, since 2011, until March 15, 2019, when the school's Board of Trustees asked for his resignation. Pimco currently manages $1.52 trillion in assets. For more than three decades, Pimcos managing directors have maintained a substantial interest in the firm, currently 30 percent of profits, and this provides an important means to attract and retain the best investment talent to serve our clients. Allianz is fully aware of the profit-sharing plan at Pimco, said Petra Brandes, a spokeswoman for Allianz. This estimate is based upon 8 PIMCO Vice President salary report (s) provided by employees or estimated based upon statistical methods. Former deputy chief investment officer Daniel Ivascyn now serving as Gross's replacement as Pimco's chief investment officer took home a $70 million bonus. [31] In 2011, 2012, and 2013, he was included in Investment Advisor's annual IA25 list honoring the most influential people in and around the advisor community. Steven Shapiro of Communications Strategy Group, an outside spokesman for Janus, declined to comment. The average PIMCO executive compensation is $226,173 a year.The median estimated compensation for executives at PIMCO including base salary and bonus is $214,549, or $103 per hour. None of those things resonated with me, so it really wasn't a good fit for me personally. Admissions just needs something to work with to show he is an athlete, the affidavit said. 2023 InvestmentNews LLC. Mr. El-Erian is now chief economic adviser at Allianz and a contributor to Bloomberg View. Pimco pays an average salary of $1,609,016 and salaries range from a low of $1,396,978 to a high of $1,855,475. . [30] In 2017, he again was listed on Worth's "power 100." Executive VP, Strategist, Portfolio Manager Jun 2009 - Present13. Mohamed El-Erian, Pimco's former chief executive officer and one-time heir apparent to Gross, received $230 million. In April 2018, Stacy Schaus, who was then executive vice president and defined contribution practice leader of PIMCO, sued her employer of 12 years, citing age and sex discrimination that. SPECIAL PERFORMANCE ), this isn't the place for you. Anecdotally, stories abound of Pimco institutional salespeople offering steep one-year fee discounts as a way to retain assets. Mr. Gross main fund, Pimco Total Return, trailed 65% of peers in 2013, after beating 90% of peers in 2012, according to data compiled by Bloomberg. [12][13], Also according to the affidavit, in December 2014 Hodge asked Singer by e-mail if his son, who was in high school, was really qualified for USC. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Investors pulled $51 billion in September and October from PTTAX, which is now run by CIOs Mark Kiesel, Scott Mather and Mihir Worah. He is the former CEO of Pacific Investment Management Company (PIMCO), the world's largest bond manager. The bill to block a Labor Department rule making it easier for retirement plans to weigh ESG issues in investment decisions passed 50-46, with two Democrats voting with Republicans to pass the measure. [12], The allegations detailed how Hodge paid entities controlled by William Rick Singer (who has entered a guilty plea admitting that he was the ringleader of the scheme) and corrupt school officials, to bribe coaches and college officials to get them to present Hodge's children as sports team recruits, despite them not having the requisite athletic ability. That said, if you love working in a fast-paced environment, if you love going to big company sponsored events, if you love big corporate culture, you might love working here. Executive Vice President salaries at PIMCO can range from $326,589 - $357,526. Both as firms and as individuals, we need to personify trustworthy values Willful violations of the rules should not be tolerated [What is needed is] a stronger emphasis on ethics and integrity. [9], After attending St John's School, Leatherhead, a boarding school in England, he gained a scholarship to Queens' College, Cambridge, and received a bachelor's degree in economics in 1980. Management change shook up lots of groups. Pimcos enormous, self-paid bonuses come right off of the top of the returns those outside investors might otherwise receive. The power of data with Mike Simonsen at Gathering of Eagles, Eric Lapin on how consumer-controlled data can change lending, Clear Capital launches UDC to support appraisal modernization. The bonus for Mr. Jefferies' CEO Rich Handler has released his new leadership letter, written in conjunction with Jefferies President Brian Friedman as a follow-up to his earlier offering of boomer wisdom from deep history, when rates were more than 1%.. The average PIMCO salary ranges from approximately $55,335 per year for an Administrative Assistant to $471,755 per year for a Senior Vice President. "Pimco's centerfielder has lost a few fly balls in the sun.". This same deal structure continued even after Allianz purchased the 30 percent of Pimco that it didnt already own from Pacific Life in the mid-2000s. Profit before tax at the European subsidiary were flat at 28m, on turnover up 33% at 278m. To put this is in perspective, the article included a chart of other top executives in the industry and found that Gross made about as much last year as all the other CEOs on the list combined. Each salary is associated with a real job position. How much top executives at Pacific Investment Management Co., better known as PIMCO, earn continues to fascinate Wall Street. Douglas M. Hodge (born in 1957) is an American businessman. In February 2017, Richtopia ranked him 23rd in its list of top 100 economists in the world. We anticipate where and when energy will be scarce and sell it to where it's needed. Have you ever wondered about the number of sacrifices a winning athlete has to make? That gave Pimco so much freedom in relation to its corporate parent that, as one analyst described it to Bloomberg News, it appeared as if it was the tail wagging the dog.. A key disagreement, according to the suit, was El-Erian's preference to shift Pimco into a range of non-bond investments, such as stocks,. Photograph: Bill Gallery/Pimco. But an article in Bloomberg View finally puts some data to the long-asked question. November 14, 2014 7:00am by Why should they pay a Pimco Premium? Financial Times/McKinsey Business Book of the Year, The Only Game in Town: Central Banks, Instability, and Avoiding the Next Collapse, Financial Times and Goldman Sachs Business Book of the Year Award, International Center for Research on Women, Peterson Institute for International Economics, Carnegie Endowment for International Peace, King Abdullah University of Science and Technology, "Allianz Names El-Erian as Chief Economic Adviser", "El-Erian: How the markets should read Ukraine's crisis", "THE ONLY GAME IN TOWN by Mohamed A. El-Erian", "Mohamed A. El-Erian Named a Senior Global Fellow at the Lauder Institute and Part-Time Professor of Practice at the Wharton School", " ", "Allianz's Mohamed El-Erian on life after Pimco", "Commencement Speech: American University in Cairo", "Obama appoints Indian-American Smita Singh in president's Global Development Council", "High-flying CEO quits after daughter writes list of 22 milestones he missed", "Mohamed El-Erian Vs. Bill Gross: The Two Bond Kings (C, JNS)", "Inside the Showdown Atop Pimco, the World's Biggest Bond Firm", "Gross gone, but El-Erian just says no to Pimco", "The A-List | Must-read views on today's top news stories", "When Markets Collide - Mohamed El-Erian wins the Financial Times and Goldman Sachs Business Book of the Year Award 2008", "Foreign Policy's First Annual List of the 100 Top Global Thinkers", "Foreign Policy's Second Annual List of the 100 Top Global Thinkers", "Who Are the 'Most Influential' People in the Investment Advisory Business? In October 2014, he spoke at HSBC and RBS. Compensation for money managers is typically tied to the amounts they oversee and the returns they produce. Pimco has more bond investors than anybody else. As of 2020, he is a member of the Harvard Global Advisory Council. PIMCO follows a total compensation approach when rewarding employees which includes a base salary and a discretionary bonus. [12] Recruits had a better chance of being admitted, as compared to non-recruits with similar academic credentials. Pimco is based in California and is owned by German financial services giant Allianz; it manages $1.4tn on behalf of pension funds, corporate treasury departments and financial intermediaries - a massive sum that equates to Spain's gross domestic product. PIMCO is a great company to work so as long as you're in the right team with the right manager. Daniel Ivascyn, Pimcos new group chief investment officer, appointed after Mr. Gross surprise departure on Sept. 26, made a bonus of about $70 million last year, the documents show. [16] However, it was widely reported that his resignation was triggered by conflicts with Gross,[17] raising questions about the company's succession plan as El-Erian was widely perceived as heir apparent to the 69-year-old Gross. "[6], Hodge was chief executive officer of PIMCO, the world's largest bond manager, from 2014-2016. How does work and comp look like (London). PIMCO is a global leader in active fixed income with deep expertise across public and private markets. Gross, who now works for Janus Capital Group Inc., and Mr. El-Erian didnt respond to phone calls seeking comment. Bloomberg Law speaks with prominent attorneys and legal scholars, analyzing major legal issues and cases in the news. [3] He retired in 2017. Subscribe for original insights, commentary and analysis of the issues facing the financial advice community, from the InvestmentNews team. The estimated hourly pay at PIMCO ranges from approximately $17.97 per hour for Office Assistant to $72.36 per hour for Cloud Engineer.. Browse 100 estimated salaries at PIMCO in the United States How much do PIMCO employees make? The bonuses at Pimco rival compensation at top hedge funds and private-equity funds, which are typically smaller but charge higher fees. Hodge assured Singer that I'm not going off script here That foundation has its stated mission is to help underserved kids basically get into you know, through get through college. It has been four decades since it was spun out of Pacific Life Insurance Co., a move that was made in part to allow Gross a freer hand to manage the insurers fixed income portfolio. [62] In December 2015, El-Erian was the keynote speaker at the Information Management Network Conference in Scottsdale, Arizona. Lead Analyst Logan Mohtashami explains. Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to email a link to a friend (Opens in new window), Click to share on SMS (Opens in new window), 2006-2023 HW Media, LLC. `if you are a master in politics and smart person, you can thrive here EQ is way more important than IQ here. [25] His second book, The Only Game in Town: Central Banks, Instability, and Avoiding the Next Collapse, was also a New York Times bestseller. [44] Having first come up with the concept in January 2009 and after discussions with PIMCO, he wrote about it in May 2009[45][46] and presented it in several forums, including as the 2010 Per Jacobsson Foundation Lecture in Washington D.C.[47] He has published numerous articles and commentaries on topics related to the New Normal, the sovereign debt crisis in Europe,[48][49] the transformative changes occurring in the Middle East,[50][51] and other matters related to the global economy, policy and markets.[52][53]. [citation needed]. I originally published this at Bloomberg, November 14, 2014. We can estimate earnings by looking at the largest Pimco funds. (More: The Barry Ritholtz post that broke the story) [67], He is married to Anna Stylianides, who is from South Africa and the executive director of Eco Oro Minerals Corp.[68] He was formerly married to Jamie Walters.[69]. That data, along with mutual fund disclosures and filings, provide hints about the firms revenue. Watch Vonn and Sinner as they explore the dedication and work required to become the best. The funds are the brainchild of the manager behind anti-ARK ETF, which gave investors an easy way to wager against Cathie Wood's flagship strategy. The Special Performance Award comes on top of bonus and salary policies already in place, and consists of a cash award to be granted in the fourth quarter and paid over the next 12 to 30 months, Allianz said in its quarterly report. In 2012, news reports suggested that the firms top 30 partners pulled down an average $33 million a year in compensation in recent years. A subsequent column by Felix Salmon guessed that the average investment professional at Pimco was making roughly $7 million each annually. This includes base salary as well as any potential stock compensation and bonuses. Outflows from the flagship Pimco total return fund, the world's largest bond. Anyone have this info or know where to find this online? Menu Home; Rankings. He has also spoken at CFA, FT, and Economist conferences. Mohamed El-Erian, Pimco's former chief executive officer and one-time heir apparent to Gross, received $230 million. Gross departed from Pimco after deputies, including Mr. Ivascyn, threatened to quit and management debated his ouster, according to people familiar with the matter. Sure, you will gain great experience to the Fixed income industry, however although you work hard and may take on additional projects outside your typical responsibilities you will not be rewarded for doing so. El-Erian remains a member of the parent company's (Allianz) international executive committee, chairs its International Advisory Committee, and is an advisor to the management board. Gross, who co-founded the company in 1971, clashed with management over how to run the firm, leading to the resignation of Mr. El-Erian, people familiar with the matter have said. Elsewhere, advertising group WPP is facing a row with its investors after handing its founder and chief executive, Sir Martin Sorrell, a 30% rise in his salary to 1.3m, while insurer Aviva has attempted to avert a rebellion at its annual general meeting on Thursday by announcing that chief executive Andrew Moss will not accept the 4.8% rise that would have pushed his 960,000 salary above 1m. El-Erian worked for several years at PIMCO as a managing director and head of the emerging market portfolio team, where he earned notoriety by avoiding the 2001 bond default by Argentina that otherwise stung the international bond market. Company reviews can provide helpful insights into the company culture, working conditions, benefits, compensation, and training opportunities in Pimco. The average salary of Pimco jobs will vary according to location, department, and job description. Disclosures How Pimco became such an earnings machine is a quirk. PIMCO employees attributed a compensation and benefits rating of 3.7/5 stars to their company. Our Executive Committee determines the companys strategic direction and oversees the broad scope of our operations. Based on news reports, public records and new data obtained by Bloomberg View, it appears that Pimco had a 2013 bonus pool for its 60 managing directors of almost $1.5 billion. Read what they think about their salaries on our Compensation FAQ page for , Get started with your Free Employer Profile, Vice President salaries - 62 salaries reported, Account Analyst salaries - 59 salaries reported, Associate salaries - 58 salaries reported, Senior Associate salaries - 56 salaries reported, Portfolio Associate salaries - 50 salaries reported, Account Associate salaries - 43 salaries reported, Administrative Assistant salaries - 42 salaries reported, Portfolio Manager salaries - 38 salaries reported, Account Manager salaries - 37 salaries reported, Compliance Analyst salaries - 27 salaries reported, Software Engineer salaries - 19 salaries reported, Financial Engineer salaries - 19 salaries reported, Technology Analyst salaries - 17 salaries reported, Developer Senior salaries - 16 salaries reported, Senior Software Engineer salaries - 16 salaries reported, Portfolio Analyst salaries - 16 salaries reported, Senior Developer salaries - 15 salaries reported, Senior Administrative Assistant salaries - 15 salaries reported. El-Erian is a widely recognized thought leader and is credited with developing the post-global financial crisis concept of the "New Normal". Part of the reason for Grosss longevity after the Allianz takeover and another element of the firms enormous wealth is what we might call the Pimco Premium. Despite being in a competitive field including giant companies such as Vanguard and Blackrock, Pimco manages to charge more than the industry standard for access to its funds and its separately managed accounts. Wendy Cupps, the head of product management, received a bonus of about $50 million, the documents show. Since then, Pimco has grown into a behemoth, in terms of the bottom line and as a force in the bond market. While some people may thrive in this fast-paced (understaffed) environment, it can be harmful to people who are suffering from health issues, and struggling to advocate for their own work/life balance. Learn More Get subscriber-only insights and news delivered by Barry every two weeks. [12] He added: He would go there in a heartbeat! Rocket has a plan to drastically cut costs. (Her rocky push into equities was the subject of well-publicized haranguing by Gross.) From 197173, they lived in France, where El-Erian's father was the Egyptian Ambassador to France. Pimco has seen $123.5bn of net withdrawals from its open-ended funds since he left, even as performance improved. Intense love does not measure, it just gives. PIMCO follows a total compensation approach when rewarding employees which includes a base salary and a discretionary bonus. Daniel Ivascyn rode one big trade all the way to the top of the bond-market universe: speculative mortgage debt that he scooped up on the cheap in The FBI had a court-ordered wiretap, and listened in, as Hodge told Singer: We don't have to talk in code. The realignment of power among bond managers is only just beginning. The Team works directly with Product Management, Account Management and Portfolio Management groups of PIMCO and reports to the Executive Office. [6] He concluding by saying that for the industry to restore trust, "it starts at the top, with us, the leaders of the financial industry. The former head of asset management firm Pimco was sentenced on Friday to nine months in prison for his part in a scheme in which privileged parents paid bribes to get their children into U.S.. [12][13], In 2013 Hodge used Singer again, this time to help another daughter get into USC. Head of PIMCO Europe, Middle East and Africa, Head of Business Management, EMEA and Asia-Pacific, Portfolio Manager, Head, Credit Research Europe, Portfolio Manager, Asset Allocation, EMEA. Mr. Glassdoor provides our best prediction for total pay in today's job market, along with other types of pay like cash bonuses, stock bonuses, profit sharing, sales commissions, and tips. When competing for business, the firm has had an unbeatable combination of a long history and outstanding long-term results. El-Erian was ranked the top influencer by LinkedIn in 2016[66] and third in 2017. Since 2014, he has been on the panel of experts that judged and selected the Financial Times/McKinsey Business Book of the Year. [43] He is a member of the Council of Foreign Relations. The culture is very inclusive and the work is challenging but the lack of real project managers and guidance by management lead to mis-direction and confusion. [4][3][7] In 2014 it was reported that he had received an annual bonus of $45 million. Pacific Investment Management Co. paid its former Chief Investment Officer Bill Gross a bonus of about $290 million in 2013, a year in which his Total Return Fund trailed a majority of peers,. Our portfolio management team is headed by our chief investment officers (CIOs), led by Daniel J. Ivascyn. Privacy Policy Salmons speculation was, indeed, wildly inaccurate to the downside. Inflation is high, so why arent mortgage rates higher? According to documents provided to Bloomberg View by someone with knowledge of Pimco's bonus policies, the numbers break down like this: Bill Gross earned $290 million as his year-end bonus for 2013. Vice President salaries at PIMCO can range from 107,764 - 160,000 per year. Former chief executive Mohamed El-Erian, who shared the title of CIO with Mr.

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