Gross Pimco Bonus Reveals Big Money for Trailing Returns

The transcript discusses Bill Gross's compensation at PIMCO, highlighting his long tenure and ownership in the company. It contrasts PIMCO's private structure with BlackRock's public one, noting differences in compensation strategies. PIMCO is likened to a hedge fund due to its macro bets and homogeneous investment approach. Despite a poor performance year for the total return fund, compensation remained high, raising questions about its structure. PIMCO denied specific compensation figures without clarification.

How does the compensation structure at BlackRock differ from that at PIMCO?

In what ways did Bill Gross's approach to investment differ from traditional fund managers?

What factors contributed to Bill Gross's high compensation at PIMCO?

What was the performance of PIMCO's total return fund in 2013?

What was the reaction of PIMCO regarding the reported compensation numbers?