Allianz Backs ‘Legend’ Bill Gross as PIMCO Total Return Lags
“We want Bill Gross to work as CIO for as long as he is willing and able,” says Allianz board member Jay Ralph.
New Hire Roundup: LPL President Moore Elected to FSI Board
Also, DoubleLine adds four and AssetMark names Natalie Wolfsen chief commercialization officer.
Old Normal Returns as PIMCO Sees ‘New Destination’ for U.S. Growth
PIMCO’s Bill Gross sees a good year ahead. The bond firm's new leaders say stagnation is not the new norm, and a passle of economists agree.
PIMCO’s ‘New Normal’ Is Ending, PIMCO Says
The era of sluggish growth PIMCO christened the “new normal” is receding, according to one of the firm’s deputy CIOs.
Bill Gross’ Wild Ride: PIMCO Total Return Fund Bottom of Bloomberg Ranking
The PIMCO Total Return Fund notched the worst risk-adjusted returns among 16 similar funds ranked by Bloomberg.
PIMCO Replaced by TCW as Manager of $1.3 Billion Bond Strategy
The PIMCO Mortgage-Backed Securities Fund will be renamed TCW Core Plus Bond Fund. The decision was made before Mohamed El-Erian's departure, sources said.
ICI: Too-Big-to-Fail Label Would Hurt Mutual Fund Investors
BlackRock, Fidelity and other U.S. mutual fund companies are pushing back against claims that some firms may be too big to fail.
PIMCO Names 4 More Deputy CIOs After El-Erian Quits
“These are the people on the front lines of strategy and alpha,” Bill Gross said.
Gross Says Brazil No Longer PIMCO Emerging-Market Favorite
PIMCO’s Bill Gross, hurt by a wrong-way bet on Brazil last year, said the nation is no longer a preferred emerging market for his company.
Brandywine Beats PIMCO With Sharp Macro Calls
Brandywine portfolio manager Stephen Smith's open secret is that he's shorting the bond market while awaiting its return to what he calls “normalization.”