Dan Ivascyn, who succeeded Bill Gross as Pimco's new chief investment officer, acknowledges that life at the firm is now "less glamorous."» Read More
Mutual fund giants aren't just interested in publicly traded companies. Increasingly, they also want to own a piece of red-hot start-ups.
*Allianz says can't tell when inflows may start. *Allianz Q1 operating profit +4.8 pct, net +11 pct. FRANKFURT/ MUNICH, May 6- Outflows of customer funds from U.S. investment manager Pimco will hurt earnings this year- and it is not yet possible to predict when flows might turn positive again, owner Allianz warned on Wednesday.
The Pimco Total Return Fund, launched by Bill Gross, has lost its title as the world's biggest bond mutual fund, following two years of withdrawals.
May 4- The Pimco Total Return Fund, launched by Bill Gross, has lost its title as the world's biggest bond mutual fund, following two years of withdrawals. On Monday, Pimco said investors yanked another $5.6 billion from the Pimco Total Return Fund last month, bringing its assets to $110.4 billion at end of April. Outflows from the flagship Pimco Total Return Fund,...
The U.S. economy will have "problems" reaching goals outlined by the Fed's policy committee, bond guru Bill Gross said.
NEW YORK, April 29- Former Federal Reserve chairman Ben Bernanke is joining bond giant Pimco as a senior advisor, as the firm seeks to bolster its star power following the departure of co-founder Bill Gross. The move may be questioned by some competitors who had criticized the Fed during Bernanke's reign for being too close to Pimco, whose full name is Pacific...
The bond fund managed by Bill Gross saw inflows of $100 million in the most recent quarter, Janus Capital Group CEO Dick Weil tells CNBC.
NEW YORK, April 21- Bill Gross of Janus Capital Group Inc said on Tuesday that German 10- year Bunds were "the short of a lifetime" and that the trade could earn 10-15 percent over a period of one to two years. Gross was referring to investors George Soros and Stanley Druckenmiller, who made their names betting against the pound in 1992.. German 10- year Bund yields have...
Five years after launching, Jeff Gundlach and DoubleLine Capital are on top of the bond investing world.
The Los Angeles- based firm, whose co-founder Jeffrey Gundlach is renowned investor Bill Gross's fiercest rival in the bond market, said the DoubleLine Total Return Bond Fund, the firm's largest fund by total assets, also saw inflows in March. The DoubleLine Total Return Bond Fund, with $45.8 billion in assets under management, invests primarily in...
The stronger dollar is a net-positive for the U.S. economy and the stock market, former Pimco managing director Paul McCulley tells CNBC.
Two analysts told CNBC that they saw no traces of a stock bubble and even said that the market is undervalued at the moment.
NEW YORK, March 3- Pimco's top investment officer said on Tuesday that "late decision makers" are largely behind a rush of withdrawals from its flagship bond fund some five months after the departure of longtime manager Bill Gross, but the outflows should taper off before long. Ivasycn's comments came as the firm reported another $8.6 billion of outflows in...
Janus Capital's Bill Gross on Monday said the Nasdaq hitting 5,000 represents "a little bit of a bubble."
Ultra-easy central bank policies are about to come back to bite the economy, Gross said in his latest letter to investors.
Bill Gross associate Paul McCulley is stepping down as Pimco's chief economist and managing director.
Investment guru Bill Gross projected that the Fed will raise rates this year, but that a cautious approach will ease the pain.
Some of Thursday's midday movers:
Denver asset manager Janus Capital Group said fourth-quarter profit rose 22 percent after hiring of star bond fund manager Bill Gross.
U.S. stock index futures signaled a higher open as all eyes were fixed on the ECB Mario Draghi, who is expected to announce a bond-buying program.