Katie Holliday is a Writer with CNBC.com, covering a range of topics including global macro-economic news, market developments and corporate news. Before joining CNBC, Katie was a senior asset management correspondent at Investment Week in London. Katie holds a Bachelor's degree in English Literature from Southampton University.
Pimco's flagship bond product, run by Bill Gross, has lost its status as the world's largest open-ended mutual fund, Morningstar data has shown.
Hedge fund professionals have seen higher compensation for the third consecutive year, an industry report has found.
Investors are failing to factor in the very real risk of China scaling back on its U.S. government debt holdings, economist Stephen Roach told CNBC.