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Bill Gross

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  • 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...

  • Bill Gross's deflation alert  Monday, 3 Nov 2014 | 10:59 AM ET

    Janus Capital's Bill Gross, the noted bond investor, issued a warning about the growing possibility of declining prices on Monday. The "Squawk on the Street" crew discusses the news.

  • Hold the mayo: Pimco sandwich guy back on the job Wednesday, 29 Oct 2014 | 11:58 AM ET

    In the dilemma between working at one of the biggest bond managers and running a food truck, the bond firm apparently wins out.

  • Oct 27- BlackRock on Monday became the latest asset manager to lower fees on some of its bond funds in recent weeks. BlackRock's fee cut, which follows similar changes by Lord Abbett and OppenheimerFunds, comes after the high-profile departure of Bill Gross from Pacific Investment Management Co in late September and could help the firm capture some of the...

  • Oct 27- BlackRock is lowering the fees on three of its bond funds, including its $4 billion Total Return Fund, according to a filing with the Securities and Exchange Commission Monday morning. BlackRock's move comes just weeks after the departure of Bill Gross from Pacific Investment Management Co.. "BlackRock regularly evaluates fund fees and expenses to...

  • BOSTON, Oct 23- Janus Capital Group Inc said on Thursday that third-quarter profit rose 25 percent, but the mutual fund company posted more outflows of investor cash as the arrival of star bond manager Bill Gross came too late to reverse the trend. Best known for its equity funds, Denver- based Janus late last month hired Gross from Pacific Investment Management Co,...

  • Oct 23- The Orange County Sanitation District, a wastewater treatment facility in California, became the latest institutional investor to move money away from bond giant Pimco, weeks after the shock departure of Pimco's CIO Bill Gross. The OCSD said its board on Wednesday unanimously approved the selection of Chandler Asset Management as its external...

  • NEW YORK, Oct 21- Ford Motor Co said on Tuesday the company will drop the Pimco Total Return Fund from its 401 k plan as a result of the sudden departure of Bill Gross. Effective Nov. 14, 2014, the Pimco Total Return Fund is being removed from Ford's investment lineup. " Gross, one of the bond market's most renowned investors and the former manager of the flagship Pimco...

  • Ford drops Pimco from 401(k) on Gross departure Tuesday, 21 Oct 2014 | 4:56 PM ET
    The 2014 Ford F-150.

    The sudden departure of Bill Gross prompted the move.

  • NEW YORK, Oct 21- If you are the kind of steadfast investor who buys a mutual fund and holds it forever, prepare to pay for your loyalty next April, when you settle up your 2014 tax bill. That is true of stock mutual funds that sold off last week after carrying forward big gains from 2013, and also may be true of the popular Pimco Total Return Fund, which was thrown a curve...

  • Gross gone, but El-Erian just says no to Pimco Tuesday, 21 Oct 2014 | 8:28 AM ET
    Mohamed El-Erian

    Asked if he'd want his old job back, Mohamed El-Erian tells CNBC: "No, I'm really happy with my life."

  • El-Erian: Bill Gross is a brilliant investor  Tuesday, 21 Oct 2014 | 7:06 AM ET

    Mohamed El-Erian, Allianz chief economic adviser, shares his thoughts on the departure of bond king Bill Gross and the future of Pimco.

  • Guess who is betting against Bill Gross and Janus Tuesday, 21 Oct 2014 | 6:00 AM ET
    Bill Gross

    Bill Gross's new employer saw a 7 percent increase in short interest in the past month, according to new data.

  • NEW YORK, Oct 20- Dan Fuss, vice chairman and senior portfolio manager at Loomis Sayles, said he purchased some below investment-grade credits during last week's sell-off at "reasonably priced levels," bringing his portfolio cash levels down to 22 percent from 26 percent. "We bought some at reasonably priced levels but not fantastically cheap," said Fuss, who helps...

  • Russell Investments, Ft. Lauderdale fund ax Pimco Friday, 17 Oct 2014 | 8:49 AM ET
    Bill Gross

    Russell Investments and the Fort Lauderdale Police & Fire Retirement System dropped PIMCO as their bond portfolios manager following the exit of Bill Gross.

  • Oct 17- Morgan Stanley reported an 87 percent rise in third-quarter earnings as the Wall Street bank's trading and wealth management businesses benefited from increased client activity. Morgan Stanley's shares rose 5.7 percent to $34.40 in premarket trading on Friday. The stable fee income Morgan Stanley receives for advising individuals on their...

  • NEW YORK, Oct 16- Russell Investments and the Fort Lauderdale Police& Fire Retirement System said on Thursday they dropped Pacific Investment Management Co as the manager of their bond portfolios following the departure of Bill Gross in late September. Gross, who managed the Pimco Total Return Fund and co-founded the firm over 40 years ago, resigned on Sept. 26 to...

  • Oct 16- Goldman Sachs Group Inc reported a 50 percent jump in quarterly profit as last month's pickup in bond market activity helped to boost trading revenue, showing that banks sticking with the notoriously volatile business can reap big rewards. But that has left Goldman and a few other banks, including JPMorgan Chase& Co, to pick up clients and take advantage of...

  • Oct 16- Goldman Sachs Group Inc reported a 50 percent jump in third-quarter net profit on Thursday as last month's sudden pickup in bond market activity helped to boost trading revenue. Net income attributable to common shareholders rose to $2.14 billion, or $4.57 per share, from $1.43 billion, or $2.88 per share, a year earlier. Revenue from bond-trading, a...