Gross Pimco Bonus Reveals Big Money for Trailing Returns

Gross Pimco Bonus Reveals Big Money for Trailing Returns

Assessment

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Business

University

Hard

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The transcript discusses Bill Gross's compensation at PIMCO, highlighting his long tenure and ownership in the company. It contrasts PIMCO's private structure with BlackRock's public one, noting differences in compensation strategies. PIMCO is likened to a hedge fund due to its macro bets and homogeneous investment approach. Despite a poor performance year for the total return fund, compensation remained high, raising questions about its structure. PIMCO denied specific compensation figures without clarification.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the main reasons PIMCO is able to attract talent to Newport Beach?

Its location near the beach

High compensation packages

Flexible working hours

Free housing for employees

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does the compensation structure at BlackRock differ from that at PIMCO?

BlackRock offers higher bonuses

BlackRock is a public company with a different pay structure

BlackRock focuses on real estate investments

BlackRock has fewer employees

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of investment strategy is PIMCO known for?

Cryptocurrency trading

Index fund tracking

Macro bets and big calls

Real estate investments

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How did PIMCO's Total Return Fund perform in 2013 compared to its peers?

It outperformed all its peers

It trailed most of its peers

It was the worst performing fund

It matched the performance of its peers

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was PIMCO's response to the reported compensation figures?

They confirmed the figures

They provided detailed corrections

They denied the figures without specifics

They ignored the reports