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Empresas y finanzas

Pimco moving away from Bill Gross model, CEO says


    By Jennifer Ablan

    (Reuters) - Pimco is ready to move forward from a "founder-led" model in the wake of the abrupt exit of Bill Gross from the fund management company, CEO Doug Hodge said Sunday in a phone interview.

    Hodge said the $222 billion Total Return Fund, run by Pimco co-founder Gross, "does not define" the company.

    Pimco's new chief investment officer, Dan Ivascyn, said in a phone interview that though he was initially reluctant to take over Gross' job, he's now ready to take on additional roles.

    (Reporting By Jennifer Ablan, editing by John Pickering)