Vanguard and BlackRock could be prime destinations for assets that may flee Pimco in the wake of the sudden exit of Bill Gross.» Read More
LONDON, Oct 2- Bill Gross' exit from Pimco has seen billions of dollars leave the fund group and even more value wiped off the share price of its parent company, offering a warning both to firms who rely on star managers and the investors who chase them. Gross's flagship Pimco Total Return Fund lost money every month from May last year, totalling nearly $70 billion by...
WASHINGTON, Oct 1- The U.S. bond market may be teetering on the brink of a "liquidity cliff" and appears to be an asset "bubble" that could burst once interest rates start to rise again, a top U.S. securities regulator said on Wednesday. "Everybody knows that this is a cliff that is coming," said Securities and Exchange Commission Republican member Daniel Gallagher, in...
BOSTON, Oct 1- Vanguard Group's global bond chief said Wednesday the company has tightened controls at some of its long-term bond funds to screen out "hot money" amid heavy cash outflows from rival Pacific Investment Management Co..
BOSTON, Oct 1- Vanguard Group's global fixed income chief said Wednesday the company has tightened controls at some of its long-term bond funds to screen out "hot money" amid heavy cash outflows from rival Pacific Investment Management Co..
FRANKFURT, Oct 1- German insurer Allianz, still smarting from the sudden resignation of Bill Gross, founder of its Pimco asset management unit, is expected to break its own age rules by extending the contract of Chief Executive Michael Diekmann on Thursday.
NEW YORK, Sept 30- Pimco intends to expand its equities business and there will be no difference in the firm's portfolio management following the departure of former Chief Investment Officer Bill Gross, two top Pimco executives said on Tuesday.
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at 1 p.m.:. Advanced Micro Devices Inc. fell 2.5 percent to $3.46 with 38,879,700 shares traded. Alpha Natural Resources Inc. rose 5.3 percent to $2.38 with 9,841,400 shares traded.
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— With Bill Gross' surprise departure from Pimco, 45- year-old Daniel Ivascyn now finds himself watching over trillions in assets at the huge mutual fund firm. Gross co-founded Pimco in 1971 and ran the firm for four decades, turning the company's flagship product, the Total Return Fund, into a $221 billion behemoth.
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.
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.
NEW YORK— A look at the 10 biggest volume gainers on New York Stock Exchange at the close of trading:. Athlon Energy Inc.: Approximately 31,821,300 shares changed hands, a 2,848.2 percent increase over its 65- day average volume. The shares rose $11.59 or 24.8 percent to $58.32.
*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.
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.
After the spectacular blowup and exit at Pimco, a lot of people say Bill Gross is crazy. He's many things—but crazy he is not, says Ron Insana.
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at the close of trading:. Advanced Micro Devices Inc. fell 1.4 percent to $3.55 with 26,783,600 shares traded. Athlon Energy Inc. rose 24.8 percent to $58.32 with 31,821,300 shares traded.
NEW YORK— A look at the 10 biggest percentage decliners on New York Stock Exchange at the close of trading:. Civeo Corp. fell 49.6 percent to $12.84. Great Northern Iron Ore Properties fell 13.0 percent to $20.40.