Jennifer's Feed
Sep 23, 2014

El-Erian says would have done “things differently”

NEW YORK (Reuters) – Mohamed El-Erian expected to go quietly. The one-time heir apparent to Pimco investment chief Bill Gross had no idea leaving the firm would create a fire storm, and he gave no real consideration to staying on and working less.

In his most extensive discussion yet about his controversial decision in January to leave Pimco, which has nearly $2 trillion in assets, El-Erian told Reuters: “If I had known that there would be this media circus, I would’ve done a lot of things differently.”

Sep 23, 2014

Exclusive – Would have done ‘things differently’: El-Erian

NEW YORK (Reuters) – Mohamed El-Erian expected to go quietly. The one-time heir apparent to Pimco investment chief Bill Gross had no idea leaving the firm would create a fire storm, and he gave no real consideration to staying on and working less.

In his most extensive discussion yet about his controversial decision in January to leave Pimco, which has nearly $2 trillion in assets, El-Erian told Reuters: “If I had known that there would be this media circus, I would’ve done a lot of things differently.”

Sep 23, 2014

Exclusive – El-Erian: Would have done ‘things differently’

NEW YORK (Reuters) – Mohamed El-Erian expected to go quietly. The one-time heir apparent to Pimco investment chief Bill Gross had no idea leaving the firm would create a fire storm, and he gave no real consideration to staying on and working less.

In his most extensive discussion yet about his controversial decision in January to leave Pimco, which has nearly $2 trillion (1.2 trillion pounds) in assets, El-Erian told Reuters: “If I had known that there would be this media circus, I would’ve done a lot of things differently.”

Sep 23, 2014

Exclusive – Ukraine crisis risks recession for Europe: El-Erian

NEW YORK (Reuters) – Mohamed El-Erian, the chief economic adviser at Allianz SE (ALVG.DE: Quote, Profile, Research, Stock Buzz), warned that global markets do not fully appreciate the risk posed by the Ukrainian crisis, a conflict which could push Europe into recession.

He saw few options to de-escalate tensions between Ukraine, its Western supporters and Russia, which has been accused of backing an insurgency led by ethnic Russian separatists.

Sep 23, 2014

Ukraine crisis risks recession for Europe -El-Erian

NEW YORK, Sept 23 (Reuters) – Mohamed El-Erian, the chief
economic adviser at Allianz SE, warned that global
markets do not fully appreciate the risk posed by the Ukrainian
crisis, a conflict which could push Europe into recession.

He saw few options to de-escalate tensions between Ukraine,
its Western supporters and Russia, which has been accused of
backing an insurgency led by ethnic Russian separatists.

Sep 23, 2014

El-Erian: Would have done “things differently”

NEW YORK, Sept 23 (Reuters) – Mohamed El-Erian expected to
go quietly. The one-time heir apparent to Pimco investment chief
Bill Gross had no idea leaving the firm would create a fire
storm, and he gave no real consideration to staying on and
working less.

In his most extensive discussion yet about his controversial
decision in January to leave Pimco, which has nearly $2 trillion
in assets, El-Erian told Reuters: “If I had known that there
would be this media circus, I would’ve done a lot of things
differently.”

Sep 17, 2014

DoubleLine files with SEC to register Long Duration Bond Fund

NEW YORK, Sept 17 (Reuters) – Jeffrey Gundlach’s DoubleLine
Funds filed on Wednesday with the U.S. Securities and Exchange
Commission to register shares of its Long Duration Total Return
Bond Fund.

The SEC filing said the Long Duration fund, which is
expected to have a dollar-weighted average effective duration of
at least 10 years, “seeks current income by investing
principally in debt securities of any kind.”

Sep 17, 2014

Pimco’s head of emerging market equities Masha Gordon departs

LONDON (Reuters) – Pimco’s London-based emerging market equities head Masha Gordon has left the giant U.S. asset management firm “to pursue other interests”, the company confirmed on Wednesday.

In a statement, Pimco said Virginie Maisonneuve, who is the company’s Deputy Chief Investment Officer and Global Head of Equities, is running the emerging markets equity strategy following Gordon’s departure.

Sep 11, 2014

David Rosenberg: U.S. stocks in correction, but bull market intact

NEW YORK (Reuters) – The U.S. stock market has entered into a corrective phase, but the underlying bull market remains in place, David Rosenberg, chief economist and strategist of Canadian asset manager Gluskin Sheff, said on Thursday.

“We are in some kind of corrective phase in the stock market but it’s not the end of the world,” Rosenberg told Reuters, saying that valuations are expensive but not necessarily in bubble territory.

Sep 10, 2014

Pimco Total Return Fund cuts U.S. government holdings to 41 percent in Aug

NEW YORK (Reuters) – The Pimco Total Return Fund, overseen by Bill Gross, decreased its U.S. government-related holdings for a third straight month in August to 41 percent from 45 percent in July, Pimco’s website said on Wednesday.

More notable though was Gross’s shift in the Pimco Total Return Fund’s exposure to cash equivalents and money market securities, which showed a negative 1 percent cash position in August, compared with negative 8 percent in July and negative 11 percent in June.