Pimco, a unit of Germany’s Allianz SE, has seen its assets under management recover dramatically since Gross' abrupt exit in September 2014. As of December 2017, Pimco had $1.75 trillion under management, up from $1.52 trillion as of June 30, 2015 - but still down from $1.92 trillion at the beginning of 2014.
Ivascyn said Newport Beach, California-based Pimco still makes big, bold economic and investment calls but there is no burning desire to publicize them as Gross did.
In January, Gross, who is the manager of the Janus Henderson Global Unconstrained Bond fund, said bonds have entered a "mild bear market."
Gross said the bear market will not be the extreme inverse of the 30-year bull market, where interest rates declined from 15 percent to below 2 percent.
"These concepts lead to great sound bites but have very little impact on actually making money for clients," Ivascyn said.
This article was provided by Reuters.