(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 …
Around that same time, Mr. Williams said, senior Pimco management “attempted unlawful trading on inside information involving stock in El Paso Corporation.” Mr. Williams also said that last March he noticed the “artificial manipulation” of …
Michael Herbst, the Morningstar analyst who covers the fund, said the fund's underperformance to its benchmark and its holdings of certain PIMCO stock funds that are less than three years old were main reasons behind the rating cut. The …
Bill Gross, Pimco\’s co-chief investment officer ... stocks and bonds had a negative correlation — as stock prices rose, bond prices fell — reflecting fairly traditional risk-on, risk-off behavior. Once the financial crisis hit, the correlation ...
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 …
Investors are playing a dangerous game, according to Pimco's Bill Gross. In his monthly investment outlook, the bond king characterized central banks' "medicine" of loose monetary policy as a "desperate gamble to promote growth." The …
Warren said it would allow Janus to attract money to its fixed income funds, which currently total $31.4 billion, a fraction of Pimco’s. Janus stock soared $4.78 to $15.89. Legg Mason rose $2.09, or 4 percent, to $50.77 and BlackRock …
Stuart Varney put the question directly to me last week during his Fox Business show: What do I make of comments from PIMCO's Bill Gross…that he's ... harps on individual stock pickers because he believes that index investing is the …
Bloomberg is reporting that PIMCO, the world’s biggest manager of bonds, “is considering starting a stock-fund unit for the first time in its 38-year history.” Bloomberg quotes an e-mail from Mark Porterfield, a spokesman for the company …
A spokeswoman for Janus did not immediately respond to requests for comment. Pimco announced the Wells notice after U.S. markets closed. Janus shares fell 3 cents to $16.35 in trading on the New York Stock Exchange.