S.E.C. Is Examining Pimco Exchange Traded Fund

The Securities and Exchange Commission is looking into whether the money management firm Pimco inflated the returns of an actively traded $3.6 billion exchange traded fund that mirrors the bond giant’s flagship fund. The Pimco Total Return Exchange-Traded Fund is run by the money manger’s founder, William H. Gross, who has come under pressure this year as investors pull out money and as questions persist over his management style following the surprising departure of his heir apparent, Mohamed A. El-Erian, in January. More in the New York Times here.