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Pimco CEO El-Erian resigns

Mohamed El Erian Pic

Allianz late on Tuesday said Mohamed El-Erian, chief executive officer and co-chief investment officer at its asset management unit Pacific Investment Management Company (Pimco), has resigned, but would stay on the Allianz International Executive Committee.

Top firms pushing for more start-up deals

Aston Martin Toy Car Hari Parmar

When SurveyMonkey CEO Dave Goldberg wanted to buy out investors from his Internet company and attract new ones who wouldn’t balk at his aim to stay private, he steered clear of traditional start-up financiers in the venture-capital community.