NEW YORK/ LONDON, Sept 26- Gold fell on Friday as a dollar-driven rally encouraged by U.S. economic growth dimmed bullion's investment appeal, sending the metal's prices toward a key support level at $1,200 an ounce. Bullion posted its fourth consecutive weekly loss, its longest losing streak since April 2013, after the U.S.
CNBC's Sharon Epperson discusses what the departure of Bill Gross means for 401k holders and individual investors' retirement plans.
Morningstar is putting all Pimco funds under review. Michael Herbst, Morningstar fund analyst, weighs in on the exodus of Pimco's Bill Gross and says his firm is reassessing how they may execute their investment strategy.
Charles Bobrinskoy, Ariel Investments vice chairman, is the largest U.S. investor in Janus. Bobrinskoy says Bill Gross is the number one bond investor of his generation and expects him to bring a lot of assets to Janus.
NEW YORK, Sept 26- U.S. stocks were higher in afternoon trading on Friday, with major indexes staging a rebound from their biggest drop since July on the back of data showing the economy expanded in the second quarter.
Bill Gross, who built Pimco into a $2 trillion asset manager and became one of the world's best-known bond investors, quit the firm he co-founded on Friday after his flagship fund suffered its 16th straight month of outflows and amid a Securities and Exchange Commission probe into whether one of his funds artificially inflated returns.
Discussing the way to play the departure of Bill Gross from Pimco, with Jim Iuorio, TJM Institutional Services, and Jeff Kilburg, KKM Financial.
CNBC's Mary Thompson reports which big public pension funds are reconsidering their Pimco holdings after Bill Gross announced he is resigning from the company.
Discussing Pimco co-founder Bill Gross' decision to leave the company for Janus Capital, with Jeffrey Sonnenfeld, Yale School of Management.
Julia Bonafede, Wilshire Consulting president, is advising its clients to be cautious after Pimco's Bill Gross resigned; and Todd Rosenbluth, S&P Capital IQ senior director, provides perspective.
CNBC's Dominic Chu reports on the market's response to news Pimco's Bill Gross is leaving to join Janus Capital.
NEW YORK, Sept 26- Shares of Janus Capital soared on Friday, with the stock on track for its best one-day advance in its history, after Janus said famed bond investor Bill Gross would join the company. A source familiar with the matter told Reuters that the development came a day before Pimco and its parent, German insurer Allianz SE, planned to dismiss Gross.
The name most often mentioned is Jeffrey Gundlach, head of $52 billion DoubleLine Capital.
CNBC's David Faber provides insight to Pimco co-founder Bill Gross's decision to leave the firm for Janus Capital.
NEW YORK, Sept 26- Bill Gross, one of the bond market's most renowned investors, on Friday quit Pimco, the huge investment firm he co-founded more than 40 years ago and with which his name has been effectively synonymous, for Janus Capital Group, a distant rival in the asset management arena.
According to sources, it appears Pimco's Bill Gross was well aware he was on his way out, reports CNBC's David Faber. Gross has announced he is leaving Pimco for Janus Capital.
NEW YORK, Sept 26- U.S. stocks were higher approaching the midpoint of the session on Friday, with major indexes staging a modest bounce back from their biggest drop since July, after data showed the economy grew at its fastest pace in more than two years.
Dan Ivascyn, Pimco's current deputy chief investment officer, will succeed Bill Gross and take over portfolio management at Pimco, according to a report from Dow Jones.
Nearly all of Pimco's funds fell by more than 1 percent Friday morning, and its Total Return ETF (BOND) saw record volume.
According to Dow Jones, Pimco deputy CIO Dan Ivascyn is likely to take over portfolio management at Pimco. CNBC's Dominic Chu has the details.