from Unstructured Finance:

Jeffrey Gundlach, on his year as new ‘King of Bonds’

By Jennifer Ablan
December 15, 2014

Gundlach, star bond investor and head of DoubleLine Capital LP,  is photographed during an interview in New YorkWhen Bill Gross shocked the investment world on Sept. 26 by storming out of Pimco, the most prominent bond investor in the world didn’t stop leaving people stunned.
It was later revealed by Reuters that Gross had paid an unlikely visit to his fiercest rival: Jeffrey Gundlach.
For two decades, the two had no relationship or interaction at all, even though their personas were intertwined, compared and contrasted often in the financial media and by other bond market players. (Morningstar named Gross "Fixed Income Manager of the Decade" in 2010, an award for which Gundlach was a finalist. Then in 2011, Barron's magazine anointed Gundlach as the new King of Bonds.)
Gross not only unexpectedly departed his firm for under-the-radar Janus Capital but also considered joining Gundlach’s DoubleLine Capital. Gundlach said the so-called “Dream Team” didn’t work out but “you never know what will happen in the future.”
Overall, the gesture by Gross officially affirmed the investment world’s long-held view that Gundlach had been anointed the new Bond King.
What follows are excerpts of my hour-long interview – unfortunately, not on the north loggia of Gundlach's Los Angeles home -- about Gundlach’s investment calls (old and news ones), his competitors, the future of fixed income and his firm’s fifth year anniversary which was celebrated on Sunday.

from Over-Gaffenated:

MORNING BID – Uneasy lies the head that wears the crown

October 2, 2014

One day before the key jobs report that will likely paint yet another muddled picture of the current economic state, it's the bond market that's gotten more dynamic and interesting than the other asset classes out there. Treasuries are seeing a safe-haven bid on the back of Ebola and protests in Hong Kong, along with a comparison to the still-falling yields in the euro zone. High yield securities are seeing their spreads widen out in a way that's commensurate with previous pullbacks that have later manifested into notable corrections in the stock market (and given the Russell 2000 hit that 10 percent threshold on Wednesday, the answer is yes, this is something to keep watching), and so that's yet another bit to watch for as well.

from Unstructured Finance:

‘Bond King’ Gross speaks to 700 at Pimco client event in Big Apple

By Jennifer Ablan
June 24, 2014

By Jennifer Ablan

Bill Gross did something last week he rarely does -- venture from his Newport Beach, Calif. home to meet with investors twice. 

from Breakingviews:

When denials can be as instructive as the truth

March 7, 2014

By Rob Cox
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

from Unstructured Finance:

Obama hearts El-Erian

December 26, 2012

By Sam Forgione and Matthew Goldstein

OK, so it's not a big gig like being nominated to head the Treasury Dept. But President Obama's decision to tap PIMCO's Mohamed El-Erian to head the President's Global Development Council is no insignificant matter.

from MuniLand:

The fiscal cliff and “budgetary crystal meth”

By Cate Long
October 10, 2012

 

 

 

 

 

 

 

 

 

 

 

 

Want to scare yourself a little? Bill Gross, who runs one of the world’s largest bond mutual funds, says that U.S. Treasuries are losing their status as the top global asset. Bloomberg has the story (emphasis mine):

from Unstructured Finance:

Gundlach doesn’t whine over his stolen wine

By Jennifer Ablan
September 20, 2012

By Jennifer Ablan and Matthew Goldstein

Who said bonds are boring? In recent days, Jeffrey Gundlach, the new king of the fixed-income world, has been dominating headlines with his lengthy CNBC interview on everything from counterparty risk to the market’s love affair with Apple stock to talk in the blogosphere about Gundlach’s pricey Santa Monica, Calif. residence being burglarized of more than $10 million in assets.

from Bethany McLean:

The Pension Destabilization Act

By Bethany McLean
August 13, 2012

From the wonder of the Olympics to the horror of Libor, there’s been plenty of news this summer. So maybe it’s not surprising that a 1,676-page bill called Moving Ahead for Progress in the 21st Century, which President Obama signed into law on July 6, has escaped attention. (Really? You’d rather watch Gabby Douglas win the all-around gold than read this bill? Shocking.) But buried within the bill, which is also known as the Highway Act, is a provision that matters to many Americans, a provision that sums up a lot of what’s wrong with Washington today, a provision that is not just bad finance but also reeks of the cronyism we should all fear.

from Unstructured Finance:

UF Weekend reads – The PIMCO edition

July 28, 2012

Jenn Ablan likes to tell me that people are always writing about PIMCO and Bill Gross, the long reigning "king of bonds." And when you think of it there's a lot of truth to that assertion.

from Unstructured Finance:

PIMCO and BlackRock go strolling down K Street

By Jennifer Ablan
February 29, 2012

By Jennifer Ablan and Matthew Goldstein

Wall Street may hate financial regulatory reform, but lobbyists certainly love it—especially ones working on behalf of giant asset managers PIMCO and BlackRock, which control a total of nearly $5 trillion in assets.