The Telegraph reports that the row between two titans at the helm of Pacific Investment Management Company, the world’s biggest bond fund, has stepped up a gear, after its co-founder Bill Gross reportedly accused departing chief executive Mohamed El-Erian of trying to 'undermine' him.
According to Reuters, Gross claimed to have 'evidence' that El-Erian 'wrote' an article in the Wall Street Journal, that purported to lay bare a vicious row between the two executives shortly before the latter man’s resignation.
El-Erian, an Oxford and Cambridge educated man who has been one of the most high-profile and colourful figures in bond trading, said in January that he would step down as chief executive of PIMCO in mid-March. His resignation stunned analysts, who regarded El-Erian as Gross’ eventual successor at the $1.9 trillion fund.
Hit the link below to access the complete Telegraph article: