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Gross' last defiance stuns Pimco, Allianz
Even the executives at Allianz SE didn't know.It was 2:28 p.m. in Munich on Friday, and Bill Gross, in charge of $2 trillion as chief investment officer at Pacific Investment Management Co., had just announced that he was joining Janus Capital Group Inc., a struggling stock fund manager. With
Pimco fortifies to take on the old boss
Monday Breakfast with Benjamin: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
Bill Gross' terrible, horrible, no good, very bad year
The news that Bill Gross, co-founder of Pacific Investment Management Co., has decided to head to Janus Capital Group Inc. to manage fixed-income portfolios is the latest twist in a year full of headlines for the so-called "Bond King." From resignations to poor performance, Pimco and Mr. Gross have
Pimco's loss could be these fund companies' gain
BlackRock and Legg Mason are among the firms poised to pounce on Pimco's outflows now that the face of the firm has flown the coop.
Advisers 'blindsided' by Gross departure as Pimco faces rebuilding
Bond behemoth has opportunity to recast its image, but analysts and advisers predict significant outflows. Plus: Pimco's pitiful year. How bad will it get?
Pimco likely to pick Dan Ivascyn to succeed Gross
Deputy chief investment officer has inside track to succeed 'Bond King' as CIO
Pimco's funds plunge following Bill Gross exit
In the stock market, investors didn't wait around to assess the implications of Bill Gross's departure from Pacific Investment Management Co. -- they sold.Pimco's Global StocksPLUS & Income Fund slipped 9.2 percent to $22.80 at 10:40 a.m. in New York, while the firm's High Income Fund decreased 8.4
Financial Twitter explodes in response to Bill Gross' departure from Pimco
Advisers and financial experts take to Twitter to respond to Bill Gross' shocking exit from Pimco and his decision to join Janus Capital Group Inc.
The secret Goldman Sachs tapes
How one brave federal regulator got the goods on the New York Fed's hands-off policy toward Goldman.
Don't overlook the housing recovery
Breakfast with Benjamin: 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.
Yellen to the markets: Don't say you weren't warned
Midweek Breakfast with Benjamin: 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.
SEC advisory panel recommends new approach to accredited investor label
Group suggests gauging sophistication of individuals based on knowledge, or limiting the portion of a portfolio that can be invested in private placements.
Market risk is ignored by invincible investors
Breakfast with Benjamin: A real risk thanks to the bull market: investors' sense of invincibility, plus El-Erian dishes on Pimco, second-guessing Calpers, and more.
Distinguishing financial planner from investment adviser
Monday's Breakfast with Benjamin 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
Is Calpers' move away from hedge funds a bellwether for advisers?
If major institutions cannot justify hedge fund investing, where should advisers turn for alternative asset exposure?