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Bill Gross

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  • Nov 20- Bill Gross just got a huge vote of confidence from legendary investor George Soros. Soros Fund Management LLC, which Soros chairs, has invested $500 million in an account run by Gross at Janus Capital Group Inc, the Denver- based firm said on its website on Thursday. Soros Fund Management approached Gross after he resigned from Pimco in late September, a...

  • Nov 20- Bill Gross, of Janus Capital Management tweeted on Thursday that he was "honored" to manage a new unconstrained strategic account totaling $500 million for Soros Fund Management. According to Janus' website, Quantum Partners LP, a private investment vehicle managed by Soros Fund Management LLC, "has invested in a separate account managed by Bill Gross."

  • Pimco is pulling down rest of the bond market Tuesday, 18 Nov 2014 | 11:55 AM ET
    A man walks past a Pacific Investment Management Company LLC (PIMCO) advertisment which is displayed on a building in Hong Kong, China.

    Investors have been withdrawing money aggressively out of bond funds recently, and it's pretty much all Pimco's fault.

  • Gross running Janus? 'That's not going to happen' Sunday, 16 Nov 2014 | 12:00 PM ET
    Bill Gross

    Bill Gross cast a long enough shadow at Pimco, something only exacerbated by his move over to Janus Capital.

  • Pimco denies report Bill Gross received $290M bonus Friday, 14 Nov 2014 | 10:51 AM ET
    Bill Gross

    Pimco denies a report that co-founder Bill Gross received a $290 million bonus in 2013.

  • NEW YORK, Nov 12- Pimco's flagship Total Return fund, whose long-time manager Bill Gross unexpectedly departed on Sept. 26, ended October with a slight decrease in U.S. government-related holdings and a slight increase in mortgage-backed securities. The Pimco Total Return Fund had exposure of 35 percent in U.S. government-related securities in October, down...

  • NEW YORK/ BOSTON, Nov 10- Janus Capital Group Inc posted $1.1 billion in net inflows in October, the largest net deposits this year, after hiring Bill Gross, one of the bond market's most renowned investors. The Vanguard Group and BlackRock have also benefited from an exit of funds from Pimco after the departure of Gross. BlackRock Inc's bond funds posted record...

  • NEW YORK, Nov 10- Janus Capital Group Inc posted $1.1 billion in net inflows in October, the largest net deposits this year, after the hiring of Bill Gross, one of the bond market's most renowned investor. The Vanguard Group and BlackRock have benefitted from an exit of funds from Pimco after the departure of Gross. BlackRock Inc's BLK.N bond funds posted record...

  • NEW YORK, Nov 7- Pacific Investment Management Co has created a 225 million-euro award program to retain top talent after the surprise departure of co-founder and Chief Investment Officer Bill Gross, Allianz SE said on Friday. The bonus is expected to cost an average of 33 million euros before taxes for each of the next five quarters and 10 million euros for each...

  • NEW YORK, Nov 7- The Vanguard Group was the latest U.S. asset manager to post record monthly inflows into its bond funds for October, benefiting from an exit of funds from rival Pacific Investment Management Co. after the departure of its co-founder Bill Gross. BlackRock Inc's bond funds posted record monthly inflows of $5.2 billion in October, the most investors...

  • Allianz soothes with dividend after Pimco outflows Friday, 7 Nov 2014 | 1:29 AM ET
    The logo of German insurer Allianz stands on the company's office buildings at Treptowers in Berlin, Germany.

    German insurer Allianz raised its dividend and promised to keep the cash flowing after unveiling a forecast-beating jump in net profit.

  • Pimco logs $48.3B in outflows after Bill Gross exit Thursday, 6 Nov 2014 | 7:39 AM ET
    A Pacific Investment Management Company advertisement is displayed on a building in Hong Kong, China.

    Pimco posted outflows of $48.3 billion across its open-ended funds in October following the surprise departure of Bill Gross.

  • NEW YORK, Nov 5- Pacific Investment Management Co posted outflows of $48.3 billion across its open-ended funds in October following the surprise departure of Bill Gross, adding to the $25.5 billion of withdrawals the previous month, according to Morningstar data on Wednesday. According to Morningstar's calculations, Pimco Total Return Fund suffered an...

  • EXCLUSIVE-Firms drop Pimco funds from managed accounts Wednesday, 5 Nov 2014 | 6:01 PM ET

    Nov 5- Charles Schwab Corp, Wells Fargo Advisors and Raymond James& Associates have all dropped Pimco funds from some investment portfolios they offer clients over the past several weeks, following the September resignation of fund manager and company co-founder Bill Gross. Pacific Investment Management Co has seen huge outflows since Gross, who ran the...

  • Nov 5- Charles Schwab Corp. has dropped the Pimco Total Return Fund from its Schwab Managed Portfolios mutual fund platform, a spokeswoman said Wednesday, citing organizational changes at Pacific Investment Management Company as the catalyst for the change. Charles Schwab Investment Advisory, the division that manages the Managed Portfolios platform,...

  • Pimco Total Return Fund posts record outflow Wednesday, 5 Nov 2014 | 6:43 AM ET
    A Pacific Investment Management Company advertisement

    Pimco saw a record $27.5 billion in withdrawals from Pimco Total Return Fund in October, extending large net outflows following Bill Gross' departure.

  • NEW YORK, Nov 4- Pacific Investment Management Co suffered a record $27.5 billion in withdrawals from its flagship Pimco Total Return Fund in October, extending large net outflows following Bill Gross' surprise resignation from the firm. The redemptions surpassed the $23.5 billion reported in September, according to a statement on Tuesday from Newport Beach,...

  • NEW YORK, Nov 3- Jeffrey Gundlach's DoubleLine Funds, an investment firm that has been a major rival of bond fund giant Pimco, reported its ninth consecutive month of inflows in October, totaling $2.38 billion, a record for monthly inflows so far this year. DoubleLine Capital, based in Los Angeles, said on Monday its flagship DoubleLine Total Return Bond Fund ended...

  • Pimco rehires Seidner, El-Erian confidant, as a CIO Monday, 3 Nov 2014 | 1:07 PM ET

    NEW YORK, Nov 3- In its effort to rebuild its leadership team after the departure of Bill Gross, Pacific Investment Management Co said on Monday it rehired Marc Seidner as chief investment officer of non-traditional strategies. The newly created role was announced by Daniel Ivascyn, Pimco's group chief investment officer, to whom Seidner will report.

  • NEW YORK, Nov 3- Famed bond investor Bill Gross on Monday warned that deflation remained a growing possibility despite aggressive monetary policies by central banks around the world. Gross, who oversees the Janus Global Unconstrained Bond Fund, said Alibaba Group Holding Ltd shares had soared from $68 to $92 in the first minute of their public debut, but other...