PIMCO News

Allianz is set to extend the contract of its Chief Executive Michael Diekmann by two years as the German insurer seeks to soothe the turmoil over leadership change at its Pimco subsidiary, a German newspaper reported. Allianz’s supervisory board will …

Bill Gross, the bond market’s most renowned investor, quit PIMCO for distant rival Janus Capital Group Inc on Friday, the day before he was expected to be fired from the huge investment firm he co-founded more than 40 years ago. …