(Bloomberg) -- Paul McCulley is leaving Pimco less than a year after rejoining the firm, a departure that further diminishes the influence of co-founder Bill Gross at the $1.68 trillion money manager.
McCulley is stepping down from his role as a managing director and the chief economist, a position he said he accepted last year to work side-by-side with Gross. His last day at the Newport Beach, Calif.-based firm will be Feb. 28.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access