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.”
Doomsayers Wrong on Last Year’s Debt Downgrade
Warnings last August of an unprecedented financial crisis accompanied by fire and brimstone appear to have been wrong.
PIMCO’s Gross Bearish on Europe After Relief Plan
Bill Gross said a “debt trap” remains even after European leaders reached an agreement intended to alleviate concern that the region’s banks will fail.
PIMCO’s Gross, El-Erian on Sour Economic News: Avoid Europe, Leaders Losing Control
PIMCO’s leaders reacted to the dour economic news of the past few days, highlighted by the third straight disappointing jobs report on Friday.
PIMCO’s El-Erian: Greek Euro Exit ‘Probably Inevitable’
Greece may have to exit the 17-nation eurozone, and the monetary union should plan for it to ensure stability.
For Sale: Active Management 50% Off at PIMCO
The new PIMCO Total Return ETF charges annual expenses of just 0.55% vs. the $252 billion PIMCO Total Return Fund, which charges 0.90% for the waive-load shares.
Thai Pension Fund to Invest in U.S., European Properties
Thailand’s Government Pension Fund plans to leave behind the low yields of its own domestic bonds in favor of investing funds in U.S. and European properties.
Stable Value Funds: Still Popular, Despite Fewer Guarantees
Despite a low interest-rate environment, 401(k) participants at New York Life Retirement Plan Services haven’t given up on stable value funds.
German Concern over ECB Funding Grows
Germany is getting worried–more worried than usual–about the level of debt in the eurozone. The European Central Bank’s Target2 system indicates that money owed to the Bundesbank now totals 489 billion euros ($656 billion
PIMCO Quits SIFMA Splinter Group
PIMCO is leaving the American Securitization Forum, an offshoot of SIFMA that represents underwriters and holders of securitized debt. The bond fund behemoth cited what it believed was a lack of advocacy on behalf of the organization’s money manager members as the reason.