Tuesday, May 27, 2014

McCulley returns to Pimco


Reminiscent of Jobs return to Apple after near disastrous results?
Bond manager Pimco lost one familiar face this year but is seeing another return.
The Newport-Beach, California-based firm, which manages just under $2 trillion for clients, said Tuesday it has re-hired Paul McCulley, who has held a variety of positions for Pimco but now will serve as managing director and chief economist.
CNBC Jeff Cox
Pimco to turn to an old hand to steady the ship
Jeff Cox | Finance Editor

3 comments:

mike norman said...

Did he already blow through all his money?

Tom Hickey said...

I bet they begged him to come back and save the company from incompetence. Pimco started its downward spiral since McCulley left.

Matt Franko said...

Mike I dont think he spent it all at the barber shop... ;)