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Bond Fund PIMCO May Lose 'World's Largest' Title
Friday, April 3, 2015 - 3:21pm | 294The title of world's largest bond mutual fund could soon be changing hands, according to a report Friday. Current title-holder Pacific Investment Management Co.'s Total Return Fund (MUTF:PTTRX) is teetering, with withdrawals of $7.3 billion in March, The Wall Street Journal reported....
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Pimco's Growth Projections For The Rest Of 2015
Friday, March 20, 2015 - 1:20pm | 409The first few months of 2015 have been quite volatile for the markets, rendering the predictions made just three months ago quite futile. PIMCO's Richard Clarida was on CNBC recently to discuss Pimco's growth projections for the global economy and currencies for the rest of the year....
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Jefferies Says Legg Mason Is Moving From 'Defense To Offense,' Upgrades To Buy
Wednesday, February 18, 2015 - 12:39pm | 205In a report published Wednesday, Jefferies analyst Daniel Fannon upgraded shares of Legg Mason Inc (NYSE: LM) to Buy from Hold with a price target raised to $67 from a previous $50 given the company's "strong" growth outlook and diversified portfolio. Fannon wrote that Legg Mason has recorded $11...
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Barron's Recap: This Man Made, Lost And Made A Fortune Investing In Russia
Sunday, February 8, 2015 - 12:09pm | 896This weekend in Barron's online: a special report on the best mutual fund families, an interview with a noted critic of Vladimir Putin, as well as the prospects for AbbVie, Vantiv, Actuant, Ecolab and more. Cover Story "Dressing Up 2014" by Lawrence C. Strauss. This week's...
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Bill Gross' First Confession Of Getting 'Fired' From PIMCO
Monday, January 12, 2015 - 12:53pm | 385Although there were rumors on Street that Bill Gross was fired from PIMCO before he joined Janus Capital Group Inc (NYSE: JNS), Gross neither accepted nor refuted them. However, Bloomberg View columnist Barry Ritholtz, who interviewed Gross recently for Bloomberg’s Masters in Business...
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Janus Capital CIO On Working With Bill Gross
Monday, December 15, 2014 - 5:38pm | 306The Street was surprised when the legendary bond investor Bill Gross announced his departure from Pacific Investment Management Company, LLC (PIMCO), the firm that he founded and ran successfully for decades. However, the real surprise came when Gross announced joining Janus Capital Group Inc (...
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Bill Gross' New Fund Sees November Inflows At $770 Million
Monday, December 8, 2014 - 1:05pm | 173Morningstar reported Monday that "investors poured $770 million into Bill Gross's new mutual fund at Janus Capital Group Inc. (NYSE: JNS) in November, pushing the fund past $1 billion of assets under management," according to Dow Jones. The news follows a report from November that...
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Here's The Real Reason Behind Bill Gross' Departure From PIMCO
Wednesday, December 3, 2014 - 12:46pm | 360The dust is finally settling on what led to bond investor Bill Gross’ departure from the firm that he founded, Pacific Investment Management Co, better known as PIMCO. His September departure led to minor mayhem in the bond markets. Moreover, in the next three months PIMCO witnessed...
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Bill Gross Says He's Managing Money For George Soros
Thursday, November 20, 2014 - 5:03pm | 181Bill Gross tweeted that he is now managing assets for George Soros at Janus Capital Group Inc (NYSE: JNS). The news comes approximately two months after Gross left PIMCO. Gross tweeted the following Thursday: Gross: (1/2) We are honored to be managing a new unconstrained strategic account for...
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Ford Drops Pimco - Who's Next?
Wednesday, October 22, 2014 - 7:28am | 247Reuters reported Tuesday that Ford Motor Company (NYSE: F) is dropping the Pimco Total Return Fund from its 401k plan. According to the report, Ford explained that “This decision was made after the recent resignation of Bill Gross, Pimco's chief investment officer and portfolio...
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Bill Gross's 'Goodbye Letter' To PIMCO: She's Your Baby Now, Try Not To Screw It Up
Wednesday, October 8, 2014 - 11:55am | 407Editor's Note: The following excerpts are from Barry Ritholtz' column on Bloomberg View. Bill Gross, the former chief investment officer of PIMCO, may have surprised some when he resigned from the company he founded nearly four decades ago to accept a position at Janus Capital....
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Barron's Recap: What's Next For Fidelity?
Sunday, October 5, 2014 - 6:30pm | 897This weekend in Barron's online: the future of Fidelity, an exclusive interview with Bond King Bill Gross and the Barron's Mutual Fund Quarterly, as well as the prospects for Kroger, Micron Technology, Littelfuse and more. Cover Story "Fidelity's Bright Stars" by Leslie...
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What Does Bill Gross' Arrival Mean For Janus Capital Group Inc Shares?
Monday, September 29, 2014 - 1:55pm | 363Shares of Janus Capital Group Inc (NYSE: JNS) rocketed 43 percent Friday in enormous trading volume on news that “Bond King” Bill Gross would join Janus to manage the Global Unconstrained Bond fund. Gross co-founded Pacific Investment Management, or PIMCO, in 1971. In addition to...
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The Bill Gross-PIMCO Saga: What The Blogosphere Thinks
Monday, September 29, 2014 - 11:37am | 531Bond guru Bill Gross left PIMCO last Friday and began working at Janus Capital Group Inc (NYSE: JNS) this Monday. As a result, billions of dollars have changed hands in the investment management industry, and more movement could be on the horizon as Gross's Total Return Fund transitions to...
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Total Return, Cars And Consumer Staples ETFs To Watch This Week
Monday, September 29, 2014 - 10:14am | 482Last week the markets were spooked by the continued rise in the U.S. dollar index and seasonal unrest. The week ahead features the release of construction, industrial manufacturing and employment data that could create an exciting end of the third quarter. Here are the key ETFs to watch for...