Bill Gross Responds: “Sick Of [El-Erian] Undermining” Him

Bill Gross Responds: “Sick Of [El-Erian] Undermining” Him

Following last week’s discovery that Mohamed El-Erian was “sick of cleaning up [Bill Gross’s] shit” as tensions soared at PIMCO, the “bond king” has struck back blasting to Reuters that he’s “so sick of Mohamed trying to undermine me,” claiming El-Erian wrote the damaging WSJ article. Furthermore, the somewhat paranoid-sounding Gross indicated that he had been monitoring El-Erian’s phone calls but when questioned by Reuters for evidence of El-Erian’s undermining, Gross responded “you’re on his side. Great, he’s got you, too, wrapped around his charming right finger.” As one analyst noted, “I’ve never seen Bill and Pimco scrutinized like this before… a couple of high-profile stumbles and mediocre showings, coupled with some outflows clearly has some investors on edge.”

Via Reuters,

Gross told Reuters that he had “evidence” that El-Erian “wrote” a February 24 article in the Journal, which described the worsening relationship between the two men as Pimco’s performance deteriorated last year, including a showdown in which they squared off against each other in front of more than a dozen colleagues at the firm’s Newport Beach, California headquarters.

Gross, who oversaw more than $1.91 trillion in assets as of the end of last year and who is known on Wall Street as the ‘Bond King’, said in a phone call to Reuters last Friday:

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