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Bill Gross

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  • Pimco's Total Return strategy     Tuesday, 14 Oct 2014 | 2:01 PM ET
    Scott Mather CIO of PIMCO.

    Scott Mather, Pimco CIO, discusses how the world's biggest bond fund is planning to stop outflows since the departure of Bill Gross.

  • More investors say goodbye to Gross-less Pimco Tuesday, 14 Oct 2014 | 9:04 AM ET

    The Arkansas Teacher Retirement System says it has cut ties with Pimco as the fallout continues since Bill Gross' abrupt departure last month.

  • JPMorgan posts profit as legal costs ease Tuesday, 14 Oct 2014 | 8:57 AM ET
    A JPMorgan sign outside the firm's Los Angeles, California offices.

    JPMorgan reported a third-quarter profit, as it moved past huge legal claims that caused it to book a rare loss in the same quarter last year.

  • Oct 14- JPMorgan Chase& Co reported a third-quarter profit as the biggest U.S. bank boosted revenue from trading and investment banking, and moved past the huge legal claims that pushed it into a rare loss in the same quarter last year. The bank, confirming figures leaked earlier on an investment website, said it recorded net income of $5.6 billion, or $1.36 per share,...

  • Oct 14- JPMorgan Chase& Co reported a third-quarter profit as the biggest U.S. bank moved past the huge legal claims that caused it to book a rare loss in the same quarter last year, according to an apparently authentic document posted on website shareholder.com. A JPMorgan spokeswoman in the United States said she had no immediate comment. The URL of the statement...

  • NEW YORK, Oct 13- The Arkansas Teacher Retirement System terminated Pacific Investment Management Co, which managed about $475 million for its pension fund, following the departure of Bill Gross in late September, George Hopkins, executive director, said on Monday. Gross, one of the bond market's most renowned investors and the former manager of the flagship...

  • NEW YORK, Oct 13- The Arkansas Teacher Retirement System terminated Pacific Investment Management Co, which managed about $475 million for its pension fund, following the departure of Bill Gross in September, George Hopkins, executive director, said on Monday. "Under any circumstance, we were going to trim our fixed-income exposure," Hopkins told Reuters.

  • NEW YORK, Oct 12- For Federal Reserve officials already worried about a persistent lack of U.S. wage and price growth, one corner of the bond market may be suggesting even more reason for alarm. The Treasury Inflation Protected Securities market is suggesting price stagnation may be just around the corner. Slowing global growth, particularly because of weakness...

  • BERLIN, Oct 11- Bond investors need to revise their expectations of the returns they can make in the years ahead, said Scott Mather, one of three Pimco managers who run the firm's Total Return Fund following the shock exit of co-founder Bill Gross last month. Pimco's flagship Total Return Fund has seen heavy outflows since Gross announced last month he was leaving...

  • A market in 'disarray' awaits the next move Friday, 10 Oct 2014 | 9:08 AM ET
    Trader on the floor of the New York Stock Exchange.

    Investors held their breath for another wild day, in a whipsaw week that has seen some of the biggest gains—and losses—for stocks all year.

  • Oct 9- The Pimco Total Return Fund, the world's largest bond fund whose long-time manager Bill Gross stunningly departed on Sept. 26, ended September with a slight reduction in U.S. government-related holdings and an increase in emerging markets investments. The Pimco Total Return Fund had exposure of 38 percent in U.S. government-related securities in...

  • NEW YORK, Oct 9- Bill Gross, in his first public appearance since his shocking departure from Pimco, said there will be more flexibility in managing less money at Janus Capital Group Inc, but said he was disappointed over being forced to leave Pimco. Gross told Weil during the 30- minute webcast: "I think in terms of Janus Capital, like any successful marriage, we sort of...

  • NEW YORK, Oct 9- Bill Gross, in his first conference call and webcast since his shock departure from Pimco, told existing and potential clients on Thursday that there will be more flexibility in running less money at Janus Capital Group Inc.. "I think in terms of Janus Capital, like any successful marriage, we sort of chose each other," Gross said to Janus Chief...

  • Bill Gross' first Janus investor letter     Thursday, 9 Oct 2014 | 11:48 AM ET

    CNBC's Dominic Chu provides the highlights from Bill Gross' first investor letter as a member of Janus Capital.

  • Gross: The global economy is slowing down Thursday, 9 Oct 2014 | 11:10 AM ET
    Bill Gross

    Bill Gross said global economic growth is declining, causing central banks to take an aggressive stance unlikely to change soon.

  • Wednesday's midday movers: Sears, GoPro & more Wednesday, 8 Oct 2014 | 12:38 PM ET
    Traders work on the floor of the New York Stock Exchange, Oct. 2, 2014.

    Take a look at some of Wednesday's midday movers:

  • BOSTON/ NEW YORK, Oct 7- Before hiring star bond fund manager Bill Gross last month, Janus Capital Group Inc Chief Executive Dick Weil took care to check with the bond chief he already had, Gibson Smith. The two will operate two distinct business units, with Gross operating out of a Newport Beach, California office, which Smith called " Janus West." Smith works from Janus...

  • JANUS BOND CHIEF GIBSON SMITH SAYS HE WAS CONSULTED BY CEO WEIL BEFORE HIRING OF PIMCO'S BILL GROSS.

  • UPDATE 1-Pimco's outflow headaches only just beginning Tuesday, 7 Oct 2014 | 12:31 PM ET

    Pimco hasn't said how much money has been withdrawn since fund manager Bill Gross quit on Sept. 26 to join Janus Capital. Outflows "will tend to be elevated over the next few months" said Jeff Tjornehoj, head of Americas research at Lipper, a Thomson Reuters company, who said Gross's exit is "the last straw" for some institutional investors. Morgan Stanley said that the...

  • Bill Gross wants to 'whip the pants' off Pimco Tuesday, 7 Oct 2014 | 9:18 AM ET
    Bill Gross

    With the obligatory post-departure diplomacy behind him, Gross is ready to take down his former employer and anyone else who gets in his way.