Why experts say you shouldn't bet against the U.S. bond market rally anytime soon.» Read More
NEW YORK, Aug 20- The New York offices of Pimco, the massive asset manager run by Bill Gross, are being fumigated this week because of a bed bug infestation. "Our New York office is addressing an isolated issue with insects, and as a precautionary measure the firm is fumigating certain areas of the office space," a spokesman said on Wednesday.
NEW YORK, Aug 20- Pimco's New York office is addressing an "isolated issue with insects" and as a precautionary measure, the company is fumigating certain areas of the office space, a Pimco spokesman said in a statement on Wednesday.
Conflicts in Ukraine and the Middle East, and record low bond yields in Europe, have unleashed a stampede into Treasuries, knocking benchmark 10- year yields to 2.30 percent, a 14- month low at one stage on Friday.
NEW YORK, Aug 13- Marc Seidner, who left Pimco earlier this year just as the fixed income powerhouse was about to be roiled by internal strife, is beating his old boss Bill Gross at a game Gross used to dominate: calling the bond market.
FRANKFURT, Aug 8- Problems at Allianz's U.S. investment firm Pimco persisted in the second quarter as clients defected and margins slipped, posing a challenge for the chief executive of Europe's biggest insurer who aims to make a record group profit this year.
FRANKFURT, Aug 8- Problems at Allianz's U.S. investment firm Pimco persisted in the second quarter as clients defected and efficiency declined, posing a challenge to Europe's largest insurer evem though it remains on track for a record group profit in 2014..
NEW YORK, Aug 4- The Pimco Total Return Fund, the world's largest bond fund, had net outflows of $830 million in July, marking its 15th straight month of outflows, according to Morningstar data on Monday. The fund, run by Bill Gross, has had about $65 billion in outflows since May 2013, the data showed.
FRANKFURT, Aug 1- Allianz is poised to reappoint Michael Diekmann as chief executive in October, investors believe, possibly delaying tough choices on whether Europe's largest insurer expands its global presence or returns more cash to shareholders.
NEW YORK, July 31- The Pimco Total Return Fund, the world's largest bond fund, run by Bill Gross, is ending the month on a rough note, lagging 89 percent of its peers so far in July. Gross' successor, Mohamed El-Erian, resigned earlier this year, and the Pimco Total Return fund has had over $64 billion of net outflows since May 2013.
NEW YORK, July 30- Bill Gross, manager of the world's largest bond fund at Pimco, said Wednesday that income, rather than capital gains, would drive future investment returns as a result of low global economic growth. Gross's views are closely watched because his flagship Pimco Total Return Fund is the world's biggest bond fund, with $225 billion in assets.
FRANKFURT, July 23- When Bill Gross eventually retires as chief investment officer of California- based asset manager Pimco, his "Bond King" crown will go with him. Allianz, the German insurer which owns Pimco, wants to ensure that in a post-Gross era the asset manager he co-founded will not be so reliant on the investment decisions of one person.
NEW YORK, July 15- Investors in U.S.-based mutual funds pulled $8.3 billion out of funds that specialize in U.S. stocks in June on concerns that U.S. shares had little upside at record levels, Morningstar data showed on Tuesday.
NEW YORK, July 10- Bill Gross, who runs the world's biggest bond fund at Pacific Investment Management Co, slightly reduced his holdings of U.S.
July 8- The past 15 years of bubbles and busts notwithstanding, sometimes it may be best to just assume financial markets have got it right. The central problem facing investors today is how to reconcile patchy and uneven growth in the economy with very full valuations for stocks and other risky assets.
U.S. stocks closed mixed on Wednesday as the Dow and S&P 500 pushed into uncharted territory ahead of a government jobs report.
During an interview with CNBC on Wednesday, Pimco founder and CIO Bill Gross warned that bank loans are starting to look "bubbly." The closely watched money manager was not concerned about other asset classes, however.
Pimco CIO and co-founder Bill Gross discusses increasing public perception of the "new neutral" and weighs in on Janet Yellen and macroprudential supervision.
CHICAGO, June 30- Contemplating the end of a 30- year bull run in bond prices is a bit like waiting to go to the dentist for some long-needed procedure. You know it needs to happen, but you procrastinate. The end of the bond rally has been telegraphed for more than a year, so it needn't be painful if you prepare for it now.
Sharp market swings could hurt those selling volatility insurance. The Financial Times reports.
Managing a mutual fund is nothing short of a noble calling to alleviate wealth inequality, according to a Morningstar senior executive.