The lingering legacy of Pimco's co-founder

New York

THE king may have departed, but at Pimco, his investment thesis lives on.

While executives at the shaken bond giant are moving quickly to distance themselves from the flashy (and at times divisive) style popularised by its co-founder and public face, William H Gross, they have embraced his recently minted view that a stagnating global economy will force central banks to keep interest rates low.