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Bill Gross

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  • 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...

  • 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...

  • 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...

  • 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...

  • Bill Gross: I’m not trying to build Pimco Part II Monday, 9 Feb 2015 | 9:46 AM ET
    Bill Gross during CNBC interview

    Narrowing down a list of questions for Bill Gross is no easy task. The FT reports.

  • 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.

  • BOSTON, Jan 22- Janus Capital Group Inc's new star bond fund manager also turns out to be one of the fund firm's top investors. Shares of the Denver company rose 11 percent on Thursday after fourth-quarter earnings came in above expectations with the help of new hire Bill Gross, even as it acknowledged that half the money in his fund came from Gross himself.

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

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

  • BOSTON, Jan 22- Star bond fund manager Bill Gross has pumped more than $700 million of his own money into the Janus Global Unconstrained Bond Fund, Janus Capital Chief Executive Dick Weil said on Thursday. "At the end of 2014, Bill had invested more than $700 million of his personal money in the Global Unconstrained Bond Fund," Weil said on a conference call.

  • Bill Gross invested more than $700 mln in Janus bond fund Thursday, 22 Jan 2015 | 10:18 AM ET

    BOSTON, Jan 22- Star bond fund manager Bill Gross has pumped more than $700 million of his own money into the Janus Global Unconstrained Bond Fund, Janus Capital Chief Executive Dick Weil said on Thursday. "At the end of 2014, Bill had invested more than $700 million of his personal money in the Global Unconstrained Bond Fund," Weil said on a conference call.

  • BOSTON, Jan 22- Asset manager Janus Capital Group said on Thursday that fourth-quarter profit rose 22 percent after its hiring of star bond fund manager Bill Gross helped it reach its first quarter of net deposits since 2009.. Denver- based Janus reported net income of $46.7 million, or 24 cents per share, compared with $38.3 million, or 21 cents per share, a year...

  • BOSTON, Jan 22- Denver asset manager Janus Capital Group said fourth-quarter profit rose 22 percent after its hiring of star bond fund manager Bill Gross helped it reach its first quarter of net deposits since 2009.. Janus on Thursday reported net income of $46.7 million, or 24 cents per share, compared with $38.3 million, or 21 cents per share, a year earlier.

  • Jan 14- The Pimco Total Return Fund, one of the world's largest bond funds, ended December with an increase in U.S. government-related holdings and nearly dumped all its holdings of developed countries' foreign currencies-denominated government bonds. The Pimco Total Return Fund had 43.19 percent exposure in U.S. government-related securities in December,...

  • NEW YORK, Jan 12- Pacific Investment Management Co has named Marc Seidner, chief investment officer for non-traditional strategies, lead portfolio manager of the Pimco Unconstrained Bond Fund, the firm said in a regulatory filing on Monday. However, the Pimco Unconstrained Bond Fund, which co-founder Bill Gross took over in December 2013 up until his stunning...

  • NEW YORK, Jan 12- Bill Gross has acknowledged publicly for the first time that he was fired from Pacific Investment Management Co, the firm he co-founded in 1971, largely confirming news reports of the internal turmoil. Gross had managed the Pimco Total Return Fund, the world's largest bond fund, until his stunning departure on Sept. 26, when he joined the much...

  • NEW YORK, Jan 9- The Janus Global Unconstrained Bond Fund, which Pimco co-founder Bill Gross started managing in October, attracted $176 million of inflows in December, down considerably from an estimated $770 million in the previous month, according to Morningstar data released on Friday. Janus Capital Group Inc drew overall inflows of $440 million in...