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Bill Gross

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  • NEW YORK, March 3- Investors yanked another $8.6 billion from the Pimco Total Return Fund last month, Pimco said on Tuesday in the latest indication the firm's flagship fund is still reeling from the sudden departure of co-founder Bill Gross last September. In an interview with Reuters on Tuesday, Pimco Group Chief Investment Officer Dan Ivascyn said: "We...

  • NEW YORK, March 3- Pimco's top investment officer said on Tuesday that "late decision makers" are largely behind a rush of withdrawals from its flagship bond fund some five months after the departure of longtime manager Bill Gross, but the outflows should taper off before long. Ivasycn's comments came as the firm reported another $8.6 billion of outflows in...

  • NEW YORK, March 3- Investors yanked another $8.6 billion from the Pimco Total Return Fund last month, Pimco said on Tuesday in the latest indication the firm's flagship fund is still reeling from the sudden departure of co-founder Bill Gross last September. The fund had assets under management of $124.7 billion at the end of February, down from a peak of $292.9...

  • NEW YORK, March 2- Bond investor Bill Gross on Monday criticized ultra-low interest rates, saying they could harm global growth instead of boosting it in the way that many central banks intend. "Low interest rates globally destroy financial business models that are critical to the functioning of modern day economies," Gross, who oversees the Janus Global...

  • Gross: Nasdaq 5K represents a 'bit of a bubble' Monday, 2 Mar 2015 | 2:09 PM ET
    Bill Gross

    Janus Capital's Bill Gross on Monday said the Nasdaq hitting 5,000 represents "a little bit of a bubble."

  • NEW YORK, March 2- DoubleLine Funds, an investment firm that has been a major competitor to bond fund Pimco, on Monday reported a net inflow of $1.59 billion in February, compared with a record net inflow in January of $3.04 billion. The Los Angeles- based firm, co-founded by Jeffrey Gundlach, said the DoubleLine Total Return Bond Fund, the firm's largest fund by total...

  • Bill Gross: Central banks have gone 'too far' Monday, 2 Mar 2015 | 10:09 AM ET
    Bill Gross

    Ultra-easy central bank policies are about to come back to bite the economy, Gross said in his latest letter to investors.

  • MUNICH, Feb 26- German insurer Allianz raised its dividend by less than expected after earnings in its core property and casualty insurance businesses lagged and asset management stalled following client defections at its U.S. unit Pimco. Shares in Europe's largest insurer fell more than 3 percent on Thursday and were the biggest decliners in Germany's blue...

  • Bond king: Gundlach has best bond ETF debut ever Wednesday, 25 Feb 2015 | 8:19 AM ET
    Jeffrey Gundlach

    Jeffrey Gundlach launched a new fund, and it had the highest ever first-day volume of any new bond ETF.

  • Pimco's chief economist, managing director resigns Friday, 20 Feb 2015 | 12:21 PM ET
    Pimco headquarters in Newport Beach, California.

    Bill Gross associate Paul McCulley is stepping down as Pimco's chief economist and managing director.

  • NEW YORK, Feb 10- Pimco said on Tuesday that it has hired Joachim Fels, formerly managing director and chief economist at Morgan Stanley, as the world's biggest bond manager continues to bolster its ranks after a leadership shake-up over the last year. Fels will join as a managing director and global economic advisor, the Newport Beach, Calif.- headquartered...

  • Cash withdrawals totaled $150 billion from Pimco's U.S. open-end mutual funds in 2014. In January, investors pulled $11.6 billion from the Pimco Total Return Fund. 'said Mendel Melzer, chief investment officer for The Newport Group, a Heathrow, Florida- based consultant to institutional investors, including 400 retirement plans, with $21 billion in assets...

  • NEW YORK, Feb 5- The recent round of monetary stimulus from the Bank of Japan and the European Central Bank has increased the appeal of those regions' stocks versus their U.S. counterparts, said Ashwin Alankar, a top strategist at Janus Capital Group Inc.. Last month, the ECB decided to buy 60 billion euros a month to help a fragile euro zone economy, while the BoJ...

  • NEW YORK, Feb 5- Morningstar Inc said on Thursday its estimated net outflow for the Pimco Total Return for January was $12.5 billion, or 9 percent of end-December assets of $143.4 billion. Morningstar said total assets in the Pimco Total Return Fund at the end of January were $134.6 billion. Pimco said on Tuesday that investors in January yanked $11.6 billion from...

  • NEW YORK, Feb 2- DoubleLine Funds, an investment firm that has been a major competitor to bond fund Pimco, whose co-founder Bill Gross was fired last year, on Monday reported a monthly record net inflow in January of $3.04 billion. The Los Angeles- based firm, whose co-founder Jeffrey Gundlach is Gross's fiercest rival in the bond market, said the previous strongest...

  • Bill Gross: Slow unwinding of rates to support stocks Thursday, 29 Jan 2015 | 7:59 AM ET
    Bill Gross

    Investment guru Bill Gross projected that the Fed will raise rates this year, but that a cautious approach will ease the pain.

  • Janus profit up after Gross helps bring inflows Thursday, 22 Jan 2015 | 11:30 AM ET
    Bill Gross

    Denver asset manager Janus Capital Group said fourth-quarter profit rose 22 percent after hiring of star bond fund manager Bill Gross.

  • Most of Bill Gross's Janus money came from... Thursday, 8 Jan 2015 | 6:49 AM ET
    Bill Gross

    More than 60 percent of the money raised by Bill Gross for Janus Capital came from a Morgan Stanley wealth management office.

  • CNBC.com Hot List: Gross says good times over Tuesday, 6 Jan 2015 | 4:51 PM ET
    CNBC.com Hot List: Gross says good times over

    CNBC.com Managing Editor Allen Wastler shares today's top stories on the web, including Bill Gross' comments on low global growth, and fears of a deflation wave in commodities.

  • Bill Gross: The good times are over Tuesday, 6 Jan 2015 | 10:38 AM ET
    Bill Gross: The good times are over

    "The good times are over," says Bill Gross of Janus Capital, providing his economic outlook for 2015. CNBC's Dominic Chu reports.