Bill Gross PIMCO Exit Creates Unprecedented Value In CEFs

By Morgan Myrmo:

“When a great man dies, for years the light he leaves behind him, lies on the paths of men.” -Henry Longfellow

What a remarkable man, Bill Gross is. That’s how Yoda would say it and most investment managers and high-net worth individuals would tend to agree.

When I was working at my first asset management job, which was an internship at Smith Barney in 2002, my boss would have the PIMCO Bill Gross newsletter printed out each month for review.

That was the first time I ever heard of Mr. Gross and immediately I was infatuated with his intelligence, smooth and easy-to-read commentary. His persuasive, logical and undeterred points became an integral part of my early market education.

Although I was interested in stocks and could care less about fixed-income, Bill Gross bridged the gap of aggregate impacts which would be necessary to understand, if not completely agree upon, that


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