Investment guru Bill Gross projected that the Fed will raise rates this year, but that a cautious approach will ease the pain.» Read More
CNBC's Brian Sullivan speaks to Pimco CEO Doug Hodge, about the departure of Bill Gross and how the firm plans to stop outflows. Hodge says prior to the departure of Gross, 75 percent of assets were managed outside his control.
NEW YORK, Sept 30- British wealth manager St. James's Place has replaced Pimco as the manager of its Multi Asset fund, less than a week after the resignation of Pimco's Chief Investment Officer, Bill Gross, roiled global fixed income markets.
NEW YORK, Sept 30- U.S. Treasuries have oscillated from weakness on Friday to gains on Monday amid concerns that asset manager Pimco may need to liquidate positions if investor redemptions increase after the departure of co-founder Bill Gross.
Gross, a 70- year-old with a fabulous long-term record of performance as a bond manager but some rocky recent data, resigned suddenly on Friday from Pimco to jump to smaller rival Janus Capital, a move reports said came just before he was to be dumped.
Morningstar downgraded Pimco's Total Return fund on uncertainty regarding outflows and management following the departure of Bill Gross.
NEW YORK/ BOSTON Sept. 30- Vanguard Group and BlackRock Inc could be prime destinations for hundreds of billions of dollars in assets that may flee Pimco in the wake of the sudden exit of Bill Gross, the celebrated "Bond King" of U.S. mutual funds.
Sept 30- Bill Gross's sudden departure from Pimco and the Total Return Fund he ran for 27 years was the last straw for Jim Phillips, president of Retirement Resources, a Peabody, Massachusetts- based firm that advises 401 plans with $50 million to $100 million in assets.
Sept 30- Morningstar downgraded its analyst rating on the Pimco Total Return Fund to "bronze" from "gold," citing uncertainty about outflows and the reshuffling of management responsibilities after the exit of co-founder Bill Gross.
NEW YORK, Sept 29- Shock and disbelief lingered at Pimco's sleek Newport Beach, California, headquarters on Monday, 72 hours after the investment firm was rocked by the sudden defection of co-founder Bill Gross to far-smaller rival Janus Capital Group. "We lost Mohamed El-Erian in January and now Bill Gross.
*Allianz not planning closer Pimco oversight. FRANKFURT/ NEW YORK, Sept 29- Top executives of Pimco and its German parent, Allianz SE, scrambled on Monday to stem the outflow of money after the stunning exit of star bond manager Bill Gross last week, but even after months of internal strife Allianz said it plans to let Pimco continue to steer its own ship.
With all the buzz around bond indexes, the next big thing for mutual fund investors may be strategies that are the exact opposite.
FRANKFURT/ NEW YORK- Officials from Pimco and its German parent Allianz scramble to contain the fallout from star bond manager Bill Gross' stunning exit last week, and money continues to leave the firm, giving a huge boost to rival bond houses like DoubleLine, which saw record inflows. Canada's Encana to buy Athlon Energy for $5.93 bln.
Dissecting Bill Gross' leadership style and departure from Pimco, with Tracy Alloway, Financial Times, and Jeff Sonnenfeld.
CNBC's Dominic Chu dissects Bill Gross' move to Janus and how much money he will manage.
CNBC.com Finance Editor Jeff Cox discusses the departure of Bill Gross from PIMCO which is claimed to be a result of a media and communication strategy.
*Allianz CEO Diekmann says "fully committed" to Pimco. FRANKFURT, Sept 29- Allianz said on Monday it remained fully committed to its Pimco unit after the shock exit of co-founder Bill Gross and had no plans to step up oversight of the world's biggest bond investor despite months of turmoil that has hit the German insurer's shares.
Officials from Pimco and Allianz looked to downplay the loss of Gross, who founded the firm 43 years ago.
FRANKFURT, Sept 29- Pimco is bracing for investors to pull out money following the sudden departure of its co-founder Bill Gross but expects the vast majority of clients to stick with the firm and is confident it can handle any outflows, the California- based investment group's chief executive said.
*Hong Kong civil unrest hurts risk assets, helps Treasuries. NEW YORK, Sept 29- Treasuries prices gained on Monday as civil unrest in Hong Kong weighed on global stock markets, and the yield curve flattened as investors bet that U.S. economic data would continue to improve.
The headline-grabbing departure of bond king Bill Gross rocked the investing world, but Dennis Gartman thinks everyone will get over it soon enough.