Pimco, formally the Pacific Investment Management Company, is far from the only asset manager to deliver subpar returns in the last few weeks. Stock prices have fallen, and the broad universe of bond mutual funds has had the biggest …
High-net-worth individuals are long via structured products they’ve bought from …
On Tuesday the Pacific Investment Management Company (PIMCO) announced that its chief executive officer and co-chief investment officer, Mohamed El-Erian, will be leaving ... it was overtaken by the Vanguard Total Stock Market Fund as …
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 …
"Markets retain a sense of "nothing is agreed until everything is agreed," said …
In a letter sent to Pimco employees on Tuesday, Mr. El-Erian wrote that “the decision to step down from Pimco has not been an easy ... being surpassed by the Vanguard Total Stock Market Index Fund. Over all, investors pulled $47 billion …
FORTUNE -- Money-management powerhouse Pimco has long been renowned for its expertise in bonds. Equities, not so much. So when the firm announced in late 2009 that it was moving into stock picking, it scoured the globe for talent. Its …
(Reuters) - PIMCO’s Bill Gross says he expects stocks and bonds to return less than 5 percent in 2013, with the U.S. unemployment rate remaining at 7.5 percent or higher. "1) Stocks & bonds return less than 5%. 2) Unemployment …
The Vanguard Total Stock Market Fund has overtaken the Total Return Fund of Newport, Calif.-based Pacific Investment …
At the end of April, Vanguard's Total Bond Market Index fund (VBMFX)had $117.3 billion while Pimco's Total Return fund (PMBIX ... Vanguard also runs the largest stock fund on the planet: its Total Stock Market Index Fund (VITSX) has over …