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Pimco Says ‘I Will Survive’ without Bill Gross

Pimco founder Bill Gross

In the words of Gloria Gaynor, Pimco is saying “I will survive” regarding the infamous departure of founder Bill Gross. While there seemed to be a mass exodus of funds following the shocking leave of Gross, Pimco has said it can withstand a 10% to 15% loss of assets or $350 billion before it will start to feel the pain, according to Pensions and Investments.

However, some analysts say that Pimco doesn’t even know how much it is losing, because some outside firms only track mutual fund flows, not institutional investors, which make up two thirds of Pimco’s business. If the outflow exceeds $350 billion, Pimco could face making staff cuts, which would in turn affect investor confidence, as was seen by the departure of Bill Gross.

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