Gross Says September Rate Hike a Go; PIMCO Warns Not So Fast
Labor data won’t push Fed to move this month, says PIMCO’s Mather, as El-Erian explains jobs report puts Fed in “really tricky position.”
PIMCO at Odds With Goldman on Yellen as September Rate Bets Rise
While PIMCO's Clarida sees no news in Fed chair’s Friday speech, Goldman says comments lift chance of September increase to 40%.
PIMCO Names Man Group’s Chief Emmanuel Roman as Its New CEO
Roman to replace Douglas Hodge, who succeeded Mohamed El-Erian in 2014, as asset manager moves to diversify beyond fixed income focus.
Another Bad Month for Active Funds: Morningstar
With active U.S. equity suffering its largest monthly outflow since October 2008, some fund families feel the pain.
PIMCO Boosts Emerging Markets Team
Asset manager has made more than 130 hires globally in 2016; firm faces headwinds from passively managed, low-fee funds.
PIMCO Says ‘Storm Is Brewing’ in Commercial Real Estate
Firm warns prices may fall as much as 5% in next 12 months; buying, refinancing opportunities to emerge for some investors.
Passive Funds Trounce Active Rivals in May: Morningstar
Meanwhile, PIMCO has a bit of good news as investors move into fixed income products.
American Funds Tops Fidelity as No. 2 Mutual Fund Family
Morningstar says that, as of April, there is a change in the second-largest fund group.
PIMCO Total Return Fund Cuts Emerging Debt to Lowest Since 2014
Emerging bonds decline to 9.4% of assets from 28.9% in August; PIMCO has been reducing risk, Dan Ivascyn says in a market outlook.
Bill Gross, Mohamed El-Erian Warn Against Counting the Fed Out
U.S. rate increase may come in June as wages rise, Gross says; El-Erian and others say two Fed moves are possible this year.