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What Is Philanthropy? Philanthropy is charitable giving by individuals and organizations to worthy causes and includes donating money, time, and other forms of altruism. What Is a Hedge Fund? Continue reading your article with a WSJ membership. Resume Subscription We are delighted that you'd like to resume your subscription. Please click confirm to resume now. Sponsored Offers. Most Popular News. El-Erian currently works as chief economic advisor at Allianz and has been careful to avoid public comment about his split with Gross.
We wish him well in retirement," Pimco said in a statement. Skip Navigation. Key Points. Bill Gross, the one-time bond king at Pimco and later Janus Henderson, announces his retirement.
Gross, 74, had once helped run the largest bond fund in the world but had been underperforming for several years running.
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