Today's <i>Breakfast with Benjamin:</i> If rates rise, gold won't. Plus: Warren Buffett's $1B tease, a new twist on stock valuations, bitcoin marches on, another solar energy push and, what's good about hoping for a flat market.
After $1.2B yanked in June, $2.1B, the most ever, pulled in September.
New tool allows modeling of specific bond-exposure choices as clients ask about rising rates.
Taper is one thing, rising rates another but strategist offers insight into navigating the seas
Pacific Investment Management Co. has joined with London-based exchange-traded products provider Source UK Services to offer the first actively managed ETF focused on covered bonds.
Risks of the strategy can be great the returns even greater.
Despite worries over valuations &mdash; and the potential for a correction &mdash; the longer-term outlook for stocks is solid. As long as the global economic recovery continues to expand.
In seeking to stop Mohamed El-Erian from leaving Pimco, Bill Gross told him 'hell no.' It didn't work and now Pimco must revisit its succession plan as its struggle to move beyond bonds continues.
Weak earnings combine with currency volatility send investors to the exits
Bond mutual funds in the U.S. posted record investor redemptions of $80 billion in 2013 as investors fled fixed income in anticipation that interest rates will rise further.
Bill Gross' love affair with Brazil is ending after 10 years as his bond bets sour from a steep drop in the local currency. The bond king cut Brazil bond holdings in his Total Return Fund to below 4%.
Economist predicts weakness, slow growth will persist in world markets
The Bond King misjudged the timing and impact of the Fed's plan to cut back its asset purchases, sending Pimco's flagship fund to its biggest drop in almost two decades. The call rippled out to other big Pimco funds.
Pimco's co-chief investment officer Mohamed El-Erian will be taking the reins of the firm's $3 billion multi-asset fund that has underperformed since its launch in 2008. That should help - the fund is based on a book he wrote.
<i>Breakfast with Benjamin:</i> Private equity giant KKR finds expanding beyond the HNW crowd is not so easy and shuts two retail-focused funds. Plus: Gold jumps on Yellen preview, fund manager changes lead to Morningstar updates, Barclays cuts 12,000 jobs, and another day, another Obamacare delay.
Economists say initial cut sets the mold as Bernanke emphasizes flexibility.
Long-awaited first step in program to cut back monthly purchases to support recovery
From futures to derivatives, traders don't see the Federal Reserve raising its benchmark interest rate from a record low until nine months after policymakers end their monthly bond purchases of $85 billion, or late 2015.
Subpar performance prompted investors to pull money for the 18th consecutive quarter.
