26, and Bill Gross ... Inc., a struggling stock fund manager. With Allianz shares starting to slump, the German insurer called its U.S. asset management arm to confirm that the most influential bond manager had just quit. Pimco, based in …
Stock traders who do business with Pacific Investment Management Co., better known as PIMCO, say hundreds of people have been evacuated from one of the outfit’s New York City buildings in recent days and have been relocated to an …
A mere fortnight ago Bill Gross, who manages the world’s largest bond fund PIMCO, was singing the praises of the Treasury Department’s newly-unveiled Public Private Investment Program in the media, which the media in turn credited …
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PIMCO has full discretion to use any type of derivatives, leverage and shorting.” Furthermore, “investments in common stock and equity futures are prohibited; other than this, PIMCO can invest in just about any type of security or derivative.
NEW YORK--(BUSINESS WIRE)--Fitch Ratings has affirmed the 'AAA' ratings assigned to the auction-rate preferred shares (ARPS) issued by the following four closed-end funds managed by Pacific Investment Management Company …
Enter the snake into this Eden. The Pimco funds used auction-rate preferred stock to borrow money. As you may know by now, owners of such preferreds are supposed to be able to sell them at face value every seven or 28 days at periodic …
That’s partly because no one is agreed on how much stock-market exposure investors should have when ... The first was Vineer Bhansali, who runs Pimco’s target-date funds, which it calls RealRetirement. The idea behind these funds is …
Australians are being "irrationally exuberant" and borrowing too much to invest in housing, exposing the economy to financial shocks, global bond fund giant PIMCO says ... the bursting on the technology stock bubble. It is a term …
Pimco and Goldman are joined by OppenheimerFunds and Nuveen ... Unlike mutual funds, ETFs trade throughout the day on stock exchanges. Each ETF obtains the securities for its portfolio by trading with stock and bond dealers that it has …