Selena GomezImagine Bill Belichick gets hired away by the New England Patriots’ opponents at halftime and returns for the third quarter on the other side of the field with every possible wrinkle in his former team’s playbook, and you get a rough sense of what it’s going to be like for Pimco when Bill Gross starts trading for Janus Capital (JNS:US) a week from today. Janus Capital’s bombshell press release on Friday morning stated the so-called bond king would start at the firm today and begin trading a week later. He knows every one of Pimco’s positions, not just in the liquid market for Treasuries but in the less liquid markets for, say, Italian or Spanish bonds. A lot of them are controlled with derivatives, making a precarious play even more so. “When it comes to bonds,” the New York Times reported Friday, “Pimco fund managers own nearly everything: commanding positions in United States Treasuries, government-owned companies in Russia and Brazil and every variety of mortgage security.” Selena GomezVIDEO: Gross’ Pimco Departure Is Industry’s Loss: Jack Bogle With Pimco saying yesterday it plans to change the way things are done, it doesn’t seem like a fair fight, does it? Nor does it sound entirely upright. If/when they need to unwind any of those positions, Gross will be waiting, according to someone familiar with Pimco’s operations with whom we spoke yesterday. The way Gross quit is seen inside Pimco as him going out of his way to do damage to Pimco, the person said, because of all the things Gross did that flew in the face of standard practices at the company. The person requested anonymity because he doesn’t want to jeopardize his relationship with Pimco. VIDEO: El-Erian Will Not Replace Bill Gross at Pimco: Sources First, there is supposed to be a transition period to protect clients that have stakes in the products managed by a departing portfolio manager. Normally this period is at least weeks if not months. Selena GomezSecond, the announcement from Janus was supposed to be coordinated with a simultaneous announcement from Pimco, which didn’t happen. Third, there’s normally an understanding that there will be no competition for some period of time, the person said. The notion that Gross was bent on harming Pimco is underscored by reports that he was in talks with Pimco’s arch rival, DoubleLine, the person said, adding that Pimco had never seen this kind of treatment before from anyone, despite many precedents, let alone from the man himself, Mr. Pimco, Bill Gross. VIDEO: Why Is Bill Gross Leaving Pimco to Join Janus Capital? We weren’t able to get an answer from Pimco about whether Gross had an employment contract and, if so, why it appears there was no noncompete clause in it. It will be interesting to see how things change in Pimco’s Total Return Fund (PTTRX:US), and whether any evidence of correlating moves can be spotted at Janus. It will also be interesting to see what happens with Gross at Janus if and when his time there runs out. *** VIDEO: Investors Stayed at Pimco Because of Gross: Seidl Economic indicators in the U.S. today include personal income and spending at 8:30 a.m. EDT and pending home sales at 10 a.m. Ford (F:US) holds its investor day in Detroit, starting at 1 p.m. EDT, and FedEx (FDX:US) holds its annual meeting, beginning at 9 a.m. EDT in Memphis, Tennessee. Here you can view and download Selena Gomez. This being HD wallpaper of Selena Gomez, you can set as wallpaper on your desktop computer or laptop Selena Gomez. 3D HD wallpapers for Selena Gomez can also be used for graphical purposes. All wallpapers here posted are HD. If you want to download this Selena Gomez right-click on the Selena Gomez and click on "Save Image as". To download more Selena Gomez, visit the respective category of Hd Wallpapers.