Significant underperformance coupled with the exit of high-profile CEO Mohamed El-Erian caused Gross to re-evaluate the way he was running the firm.» Read More
FRANKFURT, Jan 21- Allianz late on Tuesday said Mohamed El-Erian, chief executive officer and co-chief investment officer at its asset management unit Pacific Investment Management Company, has resigned, but would stay on the Allianz International Executive Committee.
SAN FRANCISCO/ NEW YORK, Jan 12- Stubbornly weak inflation is shaping up as the wild card for U.S. monetary policy makers this year, with top Federal Reserve officials stumped by why it has lingered so low for so long and at odds as to what to do about it.
Bill Gross, Pimco founder & co-CIO, discusses its index products, and where it¿s putting its money in equities.
Bill Gross, Pimco founder & co-CIO, explains why he likes the Mexican peso.
LONDON, Jan 10- As the era of money printing draws to a close, the prospect of a cycle of rising interest rates over the next couple of years appears daunting for investors and households so used to cheap credit.
Pimco's Total Return Fund saw its assets sink by $41.1 billion in 2013, as U.S. Treasuries bets went south
NEW YORK, Jan 2- The Pimco Total Return Fund, the world's largest bond fund, had a negative return for 2013 of nearly 2 percent, its first annual loss in 14 years, as fears of a reduction in the Federal Reserve's bond-buying sent Treasury prices lower, preliminary data from Morningstar showed on Thursday.
NEW YORK, Dec 19- When shareholder activist Carl Icahn turned up the heat on Apple in October, demanding a massive $150 billion share buyback, bond investor Bill Gross wasn't having any of it.
NEW YORK, Dec 9- As the calendar closes down on 2013, many U.S. money managers are finding themselves in an unfamiliar position: selling some of the bond funds that have long been mainstays of their clients' portfolios.
CHICAGO, Dec 9- There is a growing consensus that U.S. stocks, as well as stocks around the world, are going to catch a tailwind going into 2014.. The Vanguard Total World Stock Index ETF owns more than 5,000 stocks, but has its top holdings in mega-cap American companies like Apple Inc, Exxon Mobil Corp and Google Inc..
Pimco's co-CIO discusses market strategy and how his firm has priced the fixed-income market.
Pimco's co-CIO discusses why he praised Jack Bogle's investment philosophy.
NEW YORK, Dec 3- Bill Gross, co-founder and co-chief investment officer of bond giant Pimco, said Tuesday that easy-money policies worldwide have put global economies and their capital markets increasingly at risk.
Bill Gross, the manager of the world's largest bond fund, explains why he's doubtful a Fed taper will go without economic consequence.
Can the Fed perform a perfect exit from QE? Bill Gross, Pimco, says Janet Yellen must convince investors that the cost of funding will remain at 25 basis points.
NEW YORK, Nov 4- Carl Icahn's publicly traded investment vehicle, Icahn Enterprises L.P., reported strong third-quarter results on Monday and the billionaire said now is the best time ever to be an activist investor. Shares of Icahn Enterprises, in which Icahn owns an 89 percent stake, jumped 6.5 percent on Monday to $108.78 and are up 145 percent in 2013..
Calls to tax the rich are suddenly reaching higher volume, whether it's Bill Gross' “Scrooge McDuck” blog or a ballot measure in Colorado to make high earners pay for schools, or New York's Bill de Blasio’s tax proposal.
NEW YORK, Oct 31- Bill Gross, manager of the world's largest bond fund, urged fellow members of the "privileged 1 percent," earning the highest incomes, to support higher U.S. taxes on carried interest and capital gains to help the economy.
PIMCO co-CIO Bill Gross addresses his tweet to Carl Icahn about spending more time helping people.
Pimco co-CIO Bill Gross shares quick tips for the bond market and says investors should look at closed-end funds.