Ex Pimco’s El-Erian Starts Tweeting

Mohamed El-Erian, the former chief executive of Pimco, has taken to Twitter to express his views to the world, but he said on Monday he wants to steer clear of the drama surrounding his falling out with co-founder Bill Gross for now.

In his first phone interview since leaving the world’s largest bond fund, El-Erian declined to discuss what he thought about reports that a clash with Gross led to his resignation. He also would not discuss Gross’ comments questioning his investment record, or Gross’ allegation that he was trying to “undermine” him.

Sources close to El-Erian have said the 55-year-old executive was sad about the turn of events that saw one of the strongest partnerships in the investment world end abruptly.

Earlier this month, the sources said, he postponed his own farewell party, suggesting to colleagues and friends that he did not want things to become awkward for his guests, and out of respect for the tense situation at Pimco.

via Reuters

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza