But Janus Henderson CEO Richard Weil also tells CNBC that Gross is "still one of the greatest investors of our lifetime. So, he's just got to work it through."
FRANKFURT, July 5- Recent volatility in financial markets will curb inflows this year into Allianz's asset management business, which includes U.S. bond giant Pimco, a board member told Reuters. In 2017, Allianz reeled in 150 billion euros in net inflows, a record for a single year, lifting the group's third-party assets under management to 1.45 trillion euros.
Bill Gross hasn't changed his investing outlook since his bond fund took a beating recently. Investors just need to be patient, he says.
NEW YORK, June 12- Billionaire Bill Gross' bond fund posted $300 million in withdrawals in the month of May, when it turned in its worst single-day performance since launching in 2014, data from research service Morningstar Inc showed on Tuesday. Gross runs the Janus Henderson Global Unconstrained Bond Fund, which had assets of $2.1 billion at the end of April, and...
NEW YORK, June 12- Billionaire Bill Gross' bond fund posted $300 million in withdrawals in the month of May, when it turned in its worst single-day performance since launching in 2014, data from research service Morningstar Inc showed on Tuesday.
NEW YORK, May 30- Billionaire Bill Gross' bond fund dropped more than 3 percent in one day- its worst single-day performance since launching in 2014- and plunged to last in its peer category, Lipper data showed on Wednesday. Gross' $2.1 billion Janus Henderson Global Unconstrained Bond Fund is now down 6 percent so far this year after its showing on Tuesday, sending...
Janus Henderson Investors Global Unconstrained Bond Fund plunged by nearly 3 percent on Tuesday.
NEW YORK, May 30- The fund run by Bill Gross, which dropped more than 3 percent on Tuesday alone, plunged to last in its peer category so far this year, according to Lipper data on Wednesday. Gross' $2.1 billion Janus Henderson Global Unconstrained Bond Fund is now down 6 percent this year, the research service's data showed. Todd Rosenbluth, director of mutual fund...
Bill Gross has an "arbitrage type of idea," one that is looking to take advantage of certain deals in the works.
Investors' expectations for three or four rate hikes by the Fed in 2018 are likely overblown, influential bond investor Bill Gross said.
Bill Gross says he is amazed bonds didn't react more significantly to the latest Fed rate hike path.
"As real long-term interest rates rise, stock prices fall," but that's probably not the cause of the wild market swings, Greenspan says.
"It's better to give other collectors a chance to own some of these stamps and to use the proceeds for philanthropy," Bill Gross says.
Bill Gross, Janus portfolio manager, discusses selling his rare collection of U.S. stamps with his stamp advisor Charles Shreve, Robert A. Siegel Auctions director.
NEW YORK, Feb 27- Dan Ivascyn, the group chief investment officer at Pacific Investment Management Co, eschews making big, splashy investment or market calls, unlike his legendary predecessor, Bill Gross. Pimco's emphasis on generating strong long-term risk-adjusted returns has been the key factor behind the success of the Pimco Income Fund, which on Tuesday...
Investing guru Bill Gross thinks bonds have entered a bear market and is favoring corporate bonds of short duration across the globe.
*Kerr Neilson to step down as Platinum CEO on July 1. SYDNEY, Feb 23- Global stock picker Kerr Neilson, dubbed " Australia's Warren Buffett," said he will step down as chief executive officer of listed fund manager Platinum Investment Management, sending its shares almost 12 percent lower. Bill Gross's abrupt departure from United States asset manager PIMCO in 2014...
PIMCO co-founder Bill Gross is parting ways with rare stamp collection come September.
Bill Gross predicts the 10-year Treasury will go "very gradually but not significantly higher," in the next 12 months.
The great bond bull market that began nearly four decades ago is ending with a whimper, fixed income guru Bill Gross said Wednesday.