Bill Gross on investments, Mohamed El-Erian and subprime

Part 2, Dec 19: Bill Gross, founder and managing director of Pimco, one of the world's largest fixed-income managers speaks to Chrystia Freeland, US managing editor, from his Newport Beach office. In section two of this two-part edited interview, Mr Gross discusses Pimco's investments this year, including his bearish stance on subprime mortgages. He also describes how he hired Mohamed El-Erian from Harvard. If you would like to suggest a question for Mr Marron, please send it to the address below.