Pimco's Bill Gross, who's been touting the virtues of fixed-income investments for nearly forty years, is now talking up stocks. Why is that?
Bill Gross is managing director and co-chief investment officer at Pacific Investment Management Co. LLC.
A New York financial adviser pleaded guilty to rigging bids for investments sold to local governments, the fifth person to admit participating in an industrywide conspiracy to profit at taxpayers' expense.
Buyers of government bonds beware. Efforts by central banks to stimulate the global economy are distorting bond and currency prices and causing potential economic dislocation, according to Matthew McLennan, a portfolio manager for the First Eagle family of funds.
A weak economy, dropping stock market and low interest rates are bringing a strong boom to the weakest-rated fixed-income sector — high yield — giving investors top relative returns.
The second quarter opened up with high hopes and generally positive expectations for the remainder of the year. As noted last quarter, there was a wide variety of opinions on the strength of the recovery but a strong majority believed a recovery was in fact under way.
What are the key distinctions in choosing individual bonds or bond funds for fixed income allocations?
Once again, disappointing economic data caused stock markets to sag last week, with the Dow Jones Industrial Average falling 1.6% to 11,952, the S&P 500 Index declining 2.2% to 1,271 and the Nasdaq Composite dropping 3.3% to 2,644. Investors also witnessed a rebound in the US dollar, a rally in bonds and a rise in oil prices.
Rebecca Parrett, who bilked Pimco and others out of $3 billion, had been on the lam since March 2009. Yesterday, she was arrested in a Mexican resort. Said a U.S. Marshal: 'For somebody who was on the run, it was pretty good.'
A federal judge has upheld a $1.47 million arbitration award given last fall to former NBA star Horace Grant for losses he sustained on investments in failed Regions Morgan Keegan Select bond funds.
Morgan Keegan & Co. has been granted an administration hearing on allegations that its brokerage firm cost investors, including retirees, more than $2 billion in losses through fraudulent and reckless business practices.
Fixed-income fund managers likely will face heightened margin requirements when trading privately negotiated derivatives under the new financial services reform bill.
Bill Gross, co-chief investment officer at Pacific Investment Management Co., recently bought $100 million of shorter maturity BP Plc bonds
Mr. Dial is slightly overweight double-B rated loans, and slightly underweight triple-C rated loans. He has also added some high-yield bonds to the portfolio as a way to enhance performance.
Talk of a bond bubble has put skittish investors and financial advisers even more on edge over their large allocations to fixed income.
Standish Mellon Asset Management Co. LLC is scaling back the level of risk within its municipal bond portfolios but isn't worried about massive defaults among local and state governments, according to an executive at the firm.
Fitch slashes embattled energy company's senior unsecured debt rating six notches. Is non-investment grade the next stop?
Bond guru slashes holdings in government paper from 'overweight' to 'small underweight'; sees 'long-term bottoming process'
