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Pimco, which since 2000 has been a subsidiary of German financial conglomerate Allianz , now manages $747 billion in assets. But Pimco is much more than just a big bond house.

Pimco chief executive Mohamed El-Erian departed in early 2014, praising Gross amid reports that said the two were in open conflict. For investors, an ugly three months after 10 very good years.

PIMCO declined to comment. A settlement between PIMCO and Gross in the wake of his departure from the firm included a non-disparagement provision, according to the letter from the company’s lawyers.

Pimco ETF Draws Probe by SEC. Regulators Are Probing Whether Returns Were Artificially Inflated for an ETF at Bill Gross's Firm. By . Kirsten Grind, Gregory Zuckerman. and . Jean Eaglesham.

Allianz said Pimco chief executive and co-chief investment officer Mohamed El-Erian has resigned from the investment firm, effective mid-March.