PIMCO has hired former Federal Reserve Chairman Ben Bernanke as a senior advisor to the firm, the second such engagement this month. Bernanke will contribute primarily in the areas of economic expertise, according to a …
Ben Bernanke, who chaired the U.S. Federal Reserve from 2006 to 2014 and was named a senior Pimco adviser in April, will lead the Pimco Global Advisory Board. The board also includes Jean-Claude Trichet, president of the European …
Pimco’s long-term outlook is for 2 per centUS growth, for inflation about 2 per centand a federal funds rate about 2 per centto 3 per cent, according to a May 31 report. As a result, the Federal Reserve will continue its slow path of raising …
If you own the Pimco Total Return Fund (PTTRX) in a taxable investment account, you’ve already been crushed by a manager departure, high portfolio turnover, and the ugliness may not yet be over. Ron DeLegge, Chief Portfolio …
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