Meet Dan 'Beast' Ivascyn, PIMCO's New CIO

Dan Ivascyn Reuters/ Steve MarcusDaniel J. Ivascyn

Daniel J. Ivascyn, a 45-year-old star fund manager who has been described by colleagues as a “beast,” has been named CIO of PIMCO.

In recent months, Ivascyn has been seen as the heir apparent at PIMCO.

Bill Gross, the most powerful name in bonds, announced on Friday morning that he was leaving the firm he cofounded effective immediately to join Janus Capital. It was also reported that the 70-year-old bond manager was going to be fired tomorrow for his “increasingly erratic behaviour.”

Here’s what we know about Ivascyn:

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