A economy needs positive interest rates in order to function normally, Janus Capital's Bill Gross says. » Read More
Bill Gross' co-manager to move to new Janus bond ETF.
NEW YORK, July 28- Janus Capital Group Inc on Thursday said it plans to launch its first bond exchange-traded fund this year, shifting legendary bond investor Bill Gross' co-manager into a new role. The Janus Short Duration Income ETF, which will be actively managed in part by Kumar Palghat, will aim to deliver returns of 2 to 3 percent above the benchmark...
NEW YORK, July 25- Pimco has been reducing its exposure to junk bonds and investment-grade corporate debt following the latest credit rally, the firm's group chief investment officer, Dan Ivascyn, said on Monday. Britain's vote on June 23 to leave the European Union, known as Brexit, has compounded an uncertain global economic outlook. Last week, Newport Beach,...
A report in Monday's editions of the newspaper quoted Jackie Hunt, Allianz's new asset management chief, as saying Pimco and Europe's biggest insurer both saw a need for a closer relationship. She oversees asset managers at Pimco and Allianz Global Investors, as well as Allianz's U.S. life insurance business. Last week, Pimco appointed a new chief executive...
*Roman to replace Douglas Hodge on Nov. 1. *Luke Ellis to succeed Roman on Sep. 1. LONDON, July 20- Pacific Investment Management Co has poached Emmanuel' Manny' Roman from Man Group, the world's biggest listed hedge fund, as it tries to reverse a slump in fortunes since co-founder Bill Gross left the fund manager in 2014..
LONDON— Pimco, one of the world's biggest bond investors, has nabbed the head of hedge fund giant Man Group to be its next chief executive. Luke Ellis will replace Roman at Man Group, one of the world's largest publicly-traded alternative asset managers. "Man Group is an excellent business and I am sad to be leaving, but I have decided to accept this new, outstanding...
*Roman to replace Douglas Hodge on Nov. 1. *Luke Ellis to succeed Roman on Sep. 1. LONDON, July 20- Pacific Investment Management Co has poached Emmanuel' Manny' Roman from Man Group, the world's biggest listed hedge fund, as it tries to reverse a slump in fortunes since co-founder Bill Gross left in 2014..
*Roman to replace Douglas Hodge on Nov. 1. Roman will take over asset manager PIMCO on Nov. 1, Man Group said on Wednesday, replacing the incumbent Douglas Hodge. Luke Ellis will succeed Roman as chief executive officer of Man Group, the company said in an exchange filing.
Bill Gross, Janus Capital, says the Brexit vote is a danger to risk assets.
Gundlach's TOTL fund soon will have more assets under management than the Pimco Total Return Active ETF.
Here's an idea to end poverty: Give every adult citizen $1,000 per month for free. Here's how it would work, says former labor leader Andy Stern.
The investing guru says his massive success will be difficult, if not impossible, for newcomers to repeat.
Billionaire fund manager Bill Gross claims he has suffered damages in excess of $200 million from Pimco, his former employer.
It's not easy leaving an empire and trying to build another one, but Bill Gross said it's something he had to do.
Janus Capital's Bill Gross talks about starting over at Janus after being fired from PIMCO.
NEW YORK, June 16- Pacific Investment Management Co plans to cut about 3 percent of its workforce in the wake of a drop in assets under management since the 2014 departure of co-founder Bill Gross, according to an internal document obtained by Reuters Thursday. Pimco's assets stood at $1.5 trillion as of March 31, down from a peak of about $2 trillion in the first...
NEW YORK, June 16- Pacific Investment Management Co plans to cut nearly three percent of its workforce as assets under management have fallen since the September 2014 departure of co-founder Bill Gross, a source familiar with the situation said on Thursday. Pimco's assets stood at $1.5 trillion as of March 31, down from a peak of about $2 trillion in the first...
Bill Gross of Janus Capital spoke exclusively to CNBC Pro about his fixed income strategy and his favorite stock picks for the months ahead.
It all amounts to the "astonishing history investors are living through today," said Michael Hartnett, chief investment strategist at Bank of America Merrill Lynch.
U.K. state pension increases and ring-fenced heath spending would be in danger if voters chose the Brexit, the Prime Minister told the Observer.