Pimco’s McCulley to Leave Investing for Think Tank
This article is for subscribers only.
Pacific Investment Management Co.’s Paul McCulley, a member of the firm’s committee of senior investment managers, will retire after 27 years in financial services to join a think tank.
McCulley will leave at year-end and take time off before becoming a public speaker, researcher and writer at the Global Interdependence Center, according to a letter sent to clients yesterday by Co-Chief Investment Officers Bill Gross and Mohamed El-Erian, a copy of which was obtained by Bloomberg News. The nonprofit, Philadelphia-based center says its aim is to expand “global dialogue” and free trade.