Investors Stayed at Pimco Because of Gross: Seidl

The transcript discusses the challenges faced by PIMCO, including significant outflows and management changes, particularly after Bill Gross's departure. It explores the potential impact on Janus and the broader asset management landscape, focusing on whether funds will remain in bonds or shift to other assets. Allianz's commitment to PIMCO is examined, highlighting the risks associated with relying on star performers. The discussion also covers leadership stability at Allianz, emphasizing the importance of succession planning and the potential extension of the CEO's contract.

What are the expected outflows at PIMCO according to the management's informal reports?

How does the performance of Bill Gross influence investor confidence in PIMCO?

How might the flow of money from PIMCO be affected by investor sentiment towards bonds?

What are the potential implications of having star performers in asset management?

What factors contributed to the pressure on PIMCO from their shareholders?

What changes in management structure at PIMCO were suggested to reduce key man risk?

What is the significance of Allianz's CEO potentially extending his contract?