Before New York's famed 21 Club steakhouse drew attention in November for hosting Donald Trump, the wealthy U.S. president-elect, it quietly fed other public representatives: trustees of Paris-based AXA SA investment funds.
Global investment firm PIMCO sees a significant chance of Britain voting to leave the European Union in its June 23 referendum but this would not deal a big blow to the global economy, executives w
BlackRock Inc. have joined Pacific Investment Management Co. (PIMCO) in recommending inflation linked bonds and gold, warning costs are poised to pick up and there is a growing risk of inflation.
Bill Gross, the prominent bond investor, has sued his former employer Pacific Investment Management Co and its parent Allianz SE for $200 million, claiming that he was wrongfully ousted by a "cabal" of executives who wanted his share of the bonus pool.
Financial markets could be taken by surprise by higher U.S. interest rates in the future, a top executive with global fund management firm PIMCO said on Tuesday.
Former Federal Reserve chairman Ben Bernanke is joining bond giant Pimco as a senior adviser, as the firm seeks to bolster its star power following the departure of co-founder Bill Gross.
Pacific Investment Management Co. shrugged off talk of a haircut to become this year’s biggest buyer of debt issued by Austria’s failed lender, Hypo Alpe-Adria-Bank International AG.
Treasuries fell on speculation that the exit of Bill Gross from Pacific Investment Management Co. may promp the world’s biggest manager of bond funds to shift away from U.S. government debt.
Gross will start Sept. 29 at new Janus office in Newport Beach, Calif., and will begin managing the Janus Global Unconstrained Bond Fund on Oct. 6, according to a press release distributed by BusinessWire today.
