When Bill Gross eventually retires as chief investment officer of California-based asset manager Pimco, his "Bond King" crown will go with him. Allianz (ALVG.DE), the German insurer which owns Pimco, wants to ensure that in a post-Gross era the asset manager he co-founded will not be so reliant on the investment decisions of one person. Jay Ralph, the Allianz board member with responsibility for Pimco, told Reuters a new management structure introduced earlier this year, which saw six executives appointed as deputies to Gross, signaled the way forward. “Pimco is now better positioned with a broader investment ... (full story)