Investment managers have applauded the decision of veteran US bond fund manager, Bill Gross, to take issue publicly with what he feels is lack of accounting transparency at General Electric (GE), plus its hefty commercial paper programme.
The critical views of Bill Gross, investment chief at US fixed income firm Pimco, have just appeared on the firm's website. One investment manager said: "Gross has done the right thing by going public with his views. I wish more of us had the courage."
