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Bill Gross

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  • Pacific Investment Management Co suffered a record $23.5 billion of withdrawals from its flagship Pimco Total Return Fund in September, with its largest daily outflow occurring on the day of Gross's surprise resignation from the firm on Sept. 26. The Newport Beach, Calif.- based fund manager said the Pimco Total Return Fund, run by Gross for 27 years who made it...

  • Oct 2- Charles Schwab Corp has dropped the Pimco Total Return Fund from its 10 target date funds and collective trusts, a company spokeswoman told Reuters on Thursday. The retail target date funds have $2.9 billion in assets- $141 million of which had been in the Pimco Total Return Fund. Schwab is looking for a replacement for the Pimco fund and has temporarily...

  • Oct 2- As bond traders began what they thought would be a quiet day last Friday, a simple headline crossed their screens: " William H. Gross joins Janus Capital." Several asset managers and traders wondered whether the news was about Pimco's co-founder, known to most on Wall Street simply as Bill Gross, or someone else with the same name. Clients immediately started...

  • UPDATE 2-Allianz CEO Diekmann to step aside in May Thursday, 2 Oct 2014 | 11:02 AM ET

    FRANKFURT, Oct 2- Allianz will replace its chief executive earlier than expected, promoting insider Oliver Baete from May as the insurer seeks to restore order at Pimco, its U.S. funds business beset by investor and executive defections. Baete, 49, had been seen as front runner for the job, and is currently serving as Allianz's board member for insurance...

  • Oct 2- Warren Buffett, the billionaire chairman and chief executive officer of conglomerate Berkshire Hathaway Inc, praised Coca-Cola's altered executive compensation plan on Thursday. Buffett also said Burger King Worldwide Inc's $11.5 billion purchase of Tim Hortons Inc was not a tax-motivated deal. " Berkshire committed $3 billion in preferred equity...

  • Allianz to replace CEO as Gross upheaval rages Thursday, 2 Oct 2014 | 8:56 AM ET
    The logo of German insurer Allianz stands on the company's office buildings at Treptowers in Berlin, Germany.

    Allianz will replace chief executive officer Michael Diekmann next year with Oliver Baete in the wake of Bill Gross's sudden departure from Pimco.

  • European shares hit five-week low; eyes on ECB Thursday, 2 Oct 2014 | 4:10 AM ET

    *Allianz slips as Pimco suffers massive outflows. PARIS, Oct 2- European shares fell in early trading on Thursday, with a benchmark index hitting a five-week low as soft global manufacturing data prompted investors to cut equity holdings worldwide. Shares in Allianz fell 0.4 percent, adding to recent sharp losses, after the firm's asset management unit Pimco...

  • LONDON, Oct 2- Bill Gross' exit from Pimco has seen billions of dollars leave the fund group and even more value wiped off the share price of its parent company, offering a warning both to firms who rely on star managers and the investors who chase them. Gross's flagship Pimco Total Return Fund lost money every month from May last year, totalling nearly $70 billion by...

  • Oct 1- Pacific Investment Management Co suffered a record $23.5 billion of withdrawals from its flagship Pimco Total Return Fund in September, with its largest daily outflow occurring on the day of Bill Gross's surprise resignation from the firm. The Newport Beach, Calif.- based fund manager said the Pimco Total Return Fund, which was run by Gross for 27 years, is "...

  • WASHINGTON, Oct 1- The U.S. bond market may be teetering on the brink of a "liquidity cliff" and appears to be an asset "bubble" that could burst once interest rates start to rise again, a top U.S. securities regulator said on Wednesday. "Everybody knows that this is a cliff that is coming," said Securities and Exchange Commission Republican member Daniel Gallagher, in...

  • Pimco fund's outflows hit 10% of net assets in Sept Wednesday, 1 Oct 2014 | 4:09 PM ET
    Bill Gross

    Pimco's flagship Total Return Fund saw an estimated $23.5 billion in outflows in September, the investment firm said.

  • Will Pimco recover from Bill Gross' exit?     Wednesday, 1 Oct 2014 | 4:01 PM ET

    "Shark Tank" investor Kevin O'Leary and CNBC's Rick Santelli discuss chaos surrounding Bill Gross' departure from Pimco.

  • Pimco outflows surge     Wednesday, 1 Oct 2014 | 4:01 PM ET

    CNBC's Kate Kelly reports Pimco's total return fund outflows surged to $23.5 billion in September.

  • DoubleLine Fund doubles inflows: Report     Wednesday, 1 Oct 2014 | 2:27 PM ET

    The DoubleLine Fund run by Jeff Gundlach, and a major competitor of Pimco saw their inflows double in the month of September, reports CNBC's Kate Kelly.

  • BOSTON, Oct 1- Vanguard Group's global bond chief said Wednesday the company has tightened controls at some of its long-term bond funds to screen out "hot money" amid heavy cash outflows from rival Pacific Investment Management Co..

  • BOSTON, Oct 1- Vanguard Group's global fixed income chief said Wednesday the company has tightened controls at some of its long-term bond funds to screen out "hot money" amid heavy cash outflows from rival Pacific Investment Management Co..

  • FRANKFURT, Oct 1- German insurer Allianz, still smarting from the sudden resignation of Bill Gross, founder of its Pimco asset management unit, is expected to break its own age rules by extending the contract of Chief Executive Michael Diekmann on Thursday.

  • Betting on Pimco's future     Wednesday, 1 Oct 2014 | 6:35 AM ET

    Greg Zuckerman, Wall Street Journal special writer, shares his thoughts on the future of Pimco now that Bill Gross has left.

  • NEW YORK, Sept 30- Pimco intends to expand its equities business and there will be no difference in the firm's portfolio management following the departure of former Chief Investment Officer Bill Gross, two top Pimco executives said on Tuesday.

  • Pimco still your best bet?     Tuesday, 30 Sep 2014 | 3:15 PM ET

    In the wake of Bill Gross leaving Pimco, Richard Coppa, Wealth Health, and David Mendels, Creative Financial Concepts, discuss if they are advising investors to stay in or pull their money from Pimco.