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'Bond King' Bill Gross leaves Pimco

The biggest star in the bond market has shocked the financial world by leaving the huge money management firm he has led for four decades and joining a much smaller rival.

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Read more: Bill GrossPimcoBond KingFridayS&P Capital IQExecutive AppointmentsAllianzCaliforniaCapital GroupDenverMondayMoneyMorningstarNewport BeachNEW YORKPacific Investment Management Co.Pimco CEO Douglas HodgeSept 26 APTodd RosenbluthUnconstrained Bond Fund