Bill Gross’s Pimco Total Return Fund suffered its 11th straight month of withdrawals in March as the world’s largest bond fund trailed peers, according to Morningstar.
The new year has not been kind to Bill "Bond King" Gross, but he is not alone.
Former Bank of America Chairman Kenneth Lewis agreed to a three-year ban on serving as a public company’s officer or director and to pay $10m to settle claims by New York’s attorney general that he misled investors about the bank’s 2009 purchase of Merrill Lynch.
Bill Gross, the co-founder and co-CIO of Pacific Investment Management Co, has accused departing CEO Mohamed El-Erian of seeking to 'undermine' him by talking to The Wall Street Journal about deepening tensions between the two executives who have been jointly running the world's largest bond house.
UBS offered to repurchase some shares of its Puerto Rico bond funds after the commonwealth’s debt has lost more than 16% this year.
Remember, you're only as good as your last deal.
It's early days. Mark Carney is still finding his feet as the new governor of the Bank of England. Financial markets get things wrong with stunning regularity.
The performance of U.S. equities has far surpassed the debt markets so far this year, and investors are hoping the trend will continue. But do stocks really have that much of an edge over bonds?
The guys at the top really haven't a clue.