Jason Williams filed a wrongful termination claim last year, accusing Pimco managers of verbally abusing him and cutting his pay after he objected to alleged misconduct.
Bill Grosss Pimco Total Return ETF is being investigated by the U.S. Securities and Exchange Commission over whether it artificially inflated asset prices to boost returns, according to the Wall Street Journal.
BlackRock Inc. said the corporate bond market, which is one of the cornerstones of global finance, is broken and must be retooled to improve liquidity.
BlackRock, which earns fees based on the amount of money it oversees for clients, benefited from rising global markets in the quarter, which boosted assets 4.4 percent to $4.59 trillion.