Items Tagged with 'Bill Gross'


  • Monday Morning Cup of Coffee: #Brexit fallout; what’s happening and what’s next?

    More on the impact U.K. vote to leave European Union; other news of note
    Well, it was all #Brexit all the time, all weekend long. Here, in your Monday Morning Cup of Coffee, are more views of the impact of the United Kingdom's shocking decision to leave the European Union behind, both in the long-term and the short-term. Plus, what some U.S. lenders are doing right now to take advantage of the post-Brexit world. For all that and more, click the headline.
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  • Bond guru Bill Gross suddenly bolts PIMCO for Janus

    Leaves SEC investigation behind?
    Bill Gross is a legend in bond trading, as one of three co-founders of PIMCO, the largest global bond broker/dealer. He leaves to join Janus amid reports of an SEC investigation concerning bond platforms he managed at PIMCO and rumors that his behavior had become "erratic" and that he was to be fired imminently.
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  • It's time to question the Goldman ties at the Treasury

    We'll likely be exploring this in an investigative story in HousingWire Magazine, but we've been gathering all sorts of evidence that at least should lead any rational financial and mortgage market participant to question Treasury secretary Henry Paulson's motives. The latest entry comes courtesy of MarketWatch's David Weidner:
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  • We Have a Winner, and His Name is Bill Gross

    Say what you will about the man, but PIMCO fund manager Bill Gross has clearly proven adept at getting his way throughout this credit crisis -- and investors in his funds are reaping the rewards. The UK Telegraph reported earlier this week that the U.S. Treasury's move to place Fannie Mae [stock FNM][/stock] and Freddie Mac [stock FRE][/stock] into conservatorship netted Gross and his fund $1.7 billion in profit.
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  • PIMCO Looks Towards RMBS Rubble: Report

    The wreckage that is much of the private-party residential mortgage-backed securities market is bound at some point to become a "high yield" playground for distressed debt investors; and a published report on Wednesday suggests that PIMCO, the biggest manager of bond funds, is moving now to make sure it doesn't miss out on the party.
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  • Lehman Tumbles On Rumors, Credit Concerns

    It's a bad day to wear the label of "next Bear Stearns," which means that it's been a bad few days for Lehman Brothers Holdings Inc. [stock LEH][/stock] -- the fourth-largest U.S. securities firm has seen its shares battered as credit concerns moved to the forefront for investors and shares of government-sponsored housing giants Fannie Mae [stock FNM][/stock] and Freddie Mac [stock FRE][/stock] have tanked.
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  • PIMCO's Gross Bets on Agency Mortgage Debt -- and Wins

    PIMCO's Bill Gross, manager of the world's largest bond fund, is betting big on mortgages. The Financial Times reported last last week that Gross had shifted more than 60 percent of the $130 billion PIMCO Total Return fund he manages into agency-backed mortgage debt during the first quarter, a move that has put the PIMCO fund's returns ahead of 99 percent of its peers. The fund has returned 12.6 percent over the past 12 months, according to Morningstar rankings, and 3.8 percent so far this year.
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