A globally-respected financier has revealed that he quit his job running a $2 trillion investment fund after his young daughter wrote him a note pointing out that he had missed 22 landmark events in her life. Mohamed El-Erian's ten-year-old told her dad that he had skipped her first day of school, Halloween parade, her first soccer game of the year and many recitals because he was too busy at work. The California-based investment guru's resignation in May 2013 shocked the financial world. However in a recent interview, Mr El-Erian, who made $100 million in 2011 alone, explained that his young daughter and wife Jamie were at the heart of his decision.
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Mohamed El-Erian, 56, quit his role as CEO of PIMCO investment fund in May 2013
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The California-based financier said it was 'a cliché' but he wanted to spend more time with his wife Jamie, a lawyer, and daughter
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His little girl said he missed her first day of school, Halloween parade, first soccer game of the year, parent-teacher meeting and many recitals
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He kept grueling hours - sleeping from 9pm-1am, writing until 430am and then hitting the trading floor for five hours and getting to his office at 9am
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Mr El-Erian said 'his need to be a good father was greater than his desire to be a good investor'
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Since resigning, he and his wife take turns in preparing their daughter's breakfast and taking her to school
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SEC investigating PIMCO and Mr El-Erian's former boss Alex Gross, it was confirmed today
In his recent essay, he admitted he was spending far too much time away from home while working for @placeholder.