Gross Pimco Bonus Reveals Big Money for Trailing Returns

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.

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

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

What type of investment strategy is PIMCO known for?

• Cryptocurrency trading

• Index fund tracking

• Macro bets and big calls

• Real estate investments

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

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