Bond mutual fund titan Pimco is jumping the fence -- into stock picking. The Newport Beach firm, perhaps the world's best-known bond investor, said Monday it would expand into actively managed stock funds. The company also said it had …
PIMCO has ended a five-year push into stock investing by shuttering two of its four equities funds and cutting about 30% of the unit’s work force, the Fox Business Network has learned. Continue Reading Below The Newport Beach, California …
Their payouts are high because their stock prices are low – thanks to these firms ... You’ve probably not heard of the Pimco Corporate & Income Opportunity Fund …
After serving in the Navy, he intended to find a stock-market job, but wound up as a credit analyst in the bond department of Pacific Mutual Life Insurance, from which Pimco evolved. Now he's the biggest owner of Pimco and the closest thing …
On Tuesday, the Wall Street Journal reported that the SEC has been questioning whether Pacific Investment Management Company, more commonly known as Pimco, has been improperly ... You can read MONEY’s take on the pros and …
In the world of portfolio crash-testing analysis, no company is an island. In other words, even if you're not directly exposed to funds managed by Pacific Investment Management Co., you could feel the pinch if the troubles at Pimco start to …
But Pimco already has “shadow equity” which is traded among Pimco employees; there’s no reason that it couldn’t get listed as some kind of tracking stock. And that tracking stock could be a very valuable acquisition currency as Pimco
Beleaguered Deutsche Bank AG (USA) (NYSE:DB) has so unnerved the market that its borrowing costs are now among the highest in Europe, but at least DB got a vote of confidence from one of the largest asset managers on the planet. …
Bill Gross, the co-founder and co-chief investment officer of bond giant Pimco, says it is time to write the obituary for stock investing as we know it. Writing in his August investment letter, the manager of the world's largest bond mutual fund …
However, much of the day's news overshadowed by the departure of legendary bond investor Bill Gross from PIMCO. Gross is joining Janus Capital Group (JNS), which saw its stock rise 43.02% on the announcement. PIMCO closed-end …