Bill Gross, the former chief investment officer of Pimco, has said there 'was no reasonable way' for him to remain at the nearly $2trn asset management company he founded, as he described for the first time his 'slow' realisation that he had to leave.
The Telegraph reports that in his first public statement since he started at Janus Capital, Pimco’s much smaller rival, the 70-year old Mr Gross said he had hoped to stay at Pimco for the rest of his life, but that it became clear over time that this was not possible.
'Had there been a reasonable way to continue there, I would have stayed to my last breath. I was honoured by the trust of the millions of clients and thousands of employees over decades. They have been the centre of my life’s work. I am very proud of my record there for more than 40 years,' he said.
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