| NEW YORK, March 17
NEW YORK, March 17 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
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. [ID: nL2N0MD01N]
The dispute at Pimco, which has $1.9 trillion under
management and is a unit of German insurer Allianz SE,
comes at a time when the firm is dealing with subpar
Its flagship Total Return Fund, which Gross
manages, trailed roughly 70 percent of its peers and saw $1.6
billion in outflows in February, marking the 10th straight month
of outflows, according to investment research firm Morningstar.
Last year, $41.1 billion left the Total Return Fund.
El-Erian confirmed in the interview on Monday that he has
joined Twitter, using the handle @elerianm.
El-Erian said he created his account a while ago but "for a
long time, I just followed (people) and then, I decided, you
know what, let me try and see if I can contribute something."
"I couldn't do anything until this morning," El-Erian said.
Pimco's official Twitter account, which is often used by
Gross, till recently had both their pictures. But it has now
been replaced by the firm's logo.
Pimco, too, has had its own troubles with some tweets
recently. Earlier this month, Pimco deleted two tweets from
Gross after being challenged over his upside-down logic on
China's efforts to suppress its currency.
On Monday, El-Erian tweeted: "My first tweet. Please be
patient with me as I get familiar with tchnlgy as am starting
virtually from scratch. And pls excuse typos, Thanks."
El-Erian said, "I'm struggling with the technology. I had a
friend who came in and showed me, 'This is how you tweet'."
Business Insider earlier reported news of El-Erian's twitter
activity, which led to more than 8,300 followers by