Move to Janus was a complete surprise to company, bosses in Germany.
Monday <i>Breakfast with Benjamin:</i>Gross, Ivascyn to square off. Plus: The outlook for Pimco outflows is bad and worse, global markets keeping an eye on Hong Kong civil unrest, a warning about fixed indexed annuities, buying ahead of ex-dividend dates, and running the numbers on Roth IRAs
New three-person team at the world's largest bond fund says they can handle outflows and will rely on a similar strategy to the departed Bond King.
Global StocksPlus & Income Fund slips 9.2% to $22.80
A timeline of the tumultuous 2014 for Gross and Pimco
Regulator reportedly questions whether fund company artificially boosted returns in its big fixed-income ETF by relying on lofty valuations; smaller firms could be at risk.
<i>Breakfast with Benjamin:</i> The Fed now says consumers are saving too much. Plus: SEC reforms add risk to money market funds; considering a worst-case-scenario for economic growth; what Eric Cantor brings to Wall Street; and another case for long-short equity investing.
This edition of <i>Breakfast with Benjamin</i> covers Bill Gross getting beaten at his own game, the SEC's focus on liquid alt funds, Obama's attack on corporate inversions, and more.
Deputy CIO Ivascyn sees opportunity in “prolonged and significant dislocation” in bonds backed by assets issued before markets collapsed.
<i>Breakfast with Benjamin:</i> Remember housing stocks? You should. Plus: How Pimco stepped in it, academics take on high-frequency trading, the bad math behind climate-change regs, and men are better retirement savers than women.
Midweek <i>Breakfast with Benjamin:</i> Yellen warned us. Plus: SEC probes Pimco ETF over asset pricing, America's 401(k)s are failing investors, and how Obama's attack on corporate inversions flunks basic math.
Vanguard has overtaken Pimco as the largest provider of taxable-bond mutual funds by assets, a title the West Coast firm has held for more than a decade. <i>(Don't miss: <a href="http://www.investmentnews.com/gallery/20140818/FREE/818009999/PH" target="_blank">5 reasons to own bonds now</a>)</i>
Mispricing of risk in the bond market is alive and well, and investors must beware of duration risk above all.
Friday's <i>Breakfast with Benjamin</i> features: Bill Gross is selling bonds. Should you? Plus: Finra might go inside to replace Fienberg; the markets' muted reaction to Obama; pump and dump; more money flows to hedge funds; and Cantor's way of commemorating 9/11.
Today's <i>Breakfast with Benjamin</i>: What Scotland's 'no' vote might mean for the markets, Alibaba's IPO prices in record territory, the 'dumb money' is getting smarter, and gold continues to slide.
Monday's <i>Breakfast with Benjamin</i> Distinguishing financial planner from investment adviser. Plus: Gold looks tarnished, the Russell 2000 heads into 'death cross' territory, buying stocks in a buyback cycle, bank stocks in a rising-rate market, and another tax penalty, courtesy of Obamacare
<i>Breakfast with Benjamin</i>: Equity markets are poised for day two of a rally thanks to the Fed's lack of news, plus gold takes a hit, and how independence could affect Scottish stocks.
<i>Breakfast with Benjamin:</i> The Bond King levers up. Plus: There is nothing smooth about the Fed's next move, the first nail in hedge funds' coffin and more.
<i>Breakfast with Benjamin:</i> Investors are waiting for Janet Yellen and the Fed to pull the trigger on rates. Plus: Buying Alibaba via ETFs; S&P and Nasdaq stocks start to separate; hedge funds ride the wave; and annuity product sales hitting double digits.
The Federal Reserve decides to hold tight on interest rates, and advisers are reacting accordingly.
