McCulley Returns to Pimco as Gross Seeks to Restore Shine

Paul McCulley was greeted by familiar faces after a three-year absence at Pacific Investment Management Co.’s Newport Beach, California headquarters: his rabbit sculptures.

The statues had been sitting in his former office at Pimco’s Newport Beach, California, headquarters since McCulley left in 2010 and had later been moved to the firm’s new building, according to two people familiar who asked not to be identified because they weren’t authorized to speak on the matter. A reminder of McCulley’s penchant for imaginary dialogues with his pet bunny in his commentaries, they’re relics from a time when Pimco was among the fastest-growing large money managers.