Bond guru Gundlach of DoubleLine goes prime time
NEW YORK, May 16 (Reuters) – Bond investor and co-founder of
DoubleLine Capital LP, Jeffrey Gundlach fancies himself as more
than just a fixed-income guru, making successful predictions on
everything from shares in Apple Inc. to Japan’s Nikkei
stock market index to natural gas and gold.
“Everybody wants to meet with me now. I don’t know why. They
didn’t want to before,” Gundlach, 53, said. “I guess they’re
curious. Who is this guy? That kind of thing.”
Rating for Buffett’s Berkshire cut by S&P
By Jennifer Ablan, Ben Berkowitz and Jonathan Stempel
(Reuters) – Warren Buffett’s Berkshire Hathaway Inc (BRKa.N: Quote, Profile, Research, Stock Buzz) (BRKb.N: Quote, Profile, Research, Stock Buzz) had its credit rating cut one notch by Standard & Poor’s, which cited a new methodology for evaluating insurers and Berkshire’s dependence on its insurance business for dividend income.
The rating was cut to “AA” from “AA-plus,” and S&P assigned a “negative” outlook, suggesting another cut could occur within a few years. S&P left its credit and financial strength ratings for Berkshire’s insurance operating units at “AA-plus.”
NY Fed warned about impact of rising rates on retail investors
May 14 (Reuters) – Top U.S. money managers raised concerns
at an informal discussion with New York Federal Reserve
President William Dudley last month about the large inflow of
dollars from mom-and-pop investors into fixed-income funds the
past few years.
Recently released minutes from the April 12 meeting of the
Investor Advisory Committee on Financial Markets, which includes
hedge fund manager David Tepper of Appaloosa Management LP and
Rick Rieder of BlackRock Inc, reveal money managers expressed
concern about how a policy change could send longer-term rates
higher and hurt retail investors in bond funds.
Pimco’s Gross: ‘Gut feeling’ that bond bull run is done
NEW YORK, May 10 (Reuters) – Circle the date, market mavens:
April 29, 2013. AKA, the day the bond bull died. Age 31 years, 7
months.
That, at least, is the call from Bill Gross, who is known on
Wall Street as “the Bond King.”
Buffett devotees stick by him even as growth slows
, May 5 (Reuters) – Short-seller Douglas Kass,
Warren Buffett’s handpicked bear, raised a concern on the minds
of many shareholders at the “Woodstock for capitalists” this
weekend: Has Berkshire Hathaway Inc become so big that it will
find it hard to grow?
Many retail investors who converged on Omaha, Nebraska, for
Berkshire’s annual meeting on Saturday
acknowledged that its fastest growth days are likely behind it.
But they said Berkshire is still a good long-term bet as faith
remains in Buffett and his management team’s more than
4-decade-long record of stellar returns, and the company’s
tentacles into many sectors of the U.S. economy.
Warren Buffett maps out hopes for Berkshire without him
OMAHA, Nebraska (Reuters) – Warren Buffett on Saturday gave the most extensive comments to date about the future of Berkshire Hathaway Inc after he is gone, saying he still expects the conglomerate to be a partner of choice for distressed companies.
Buffett, 82, also defended his plan to install his son, Howard, who has little investing experience, as nonexecutive chairman, saying the younger man’s role would be to ensure that Berkshire had the right CEO in place.
Buffett maps out hopes for Berkshire without him
OMAHA, Nebraska (Reuters) – Warren Buffett on Saturday gave the most extensive comments to date about the future of Berkshire Hathaway Inc after he is gone, saying he still expects the conglomerate to be a partner of choice for distressed companies.
Buffett, 82, also defended his plan to install his son, Howard, who has little investing experience, as nonexecutive chairman, saying the younger man’s role would be to ensure that Berkshire had the right CEO in place.
Buffett says people will still call Berkshire when he’s gone
, May 4 (Reuters) – Warren Buffett and the board
of his conglomerate Berkshire Hathaway Inc are
“solidly in agreement” on who should be the company’s next chief
executive, he said at Berkshire’s annual shareholder meeting on
Saturday.
But the 82-year-old Buffett also insisted the company would
remain a partner of choice for distressed companies even after
he is gone, saying if the tides went out, the “naked swimmers”
struggling in the water would seek Berkshire’s help.
Buffett says he, Berkshire board in agreement on next CEO
OMAHA, Nebraska (Reuters) – Warren Buffett and the board of his conglomerate Berkshire Hathaway Inc are “solidly in agreement” on who should be the company’s next chief executive, he said at Berkshire’s annual shareholder meeting on Saturday.
But Buffett, as with past practice, did not actually name his successor as CEO. Speculation usually focuses on a small group of top Berkshire executives, among them insurance boss Ajit Jain and railroad leader Matt Rose.
Berkshire profit rises 51 percent, shares at record high
OMAHA, Nebraska (Reuters) – Warren Buffett’s Berkshire Hathaway Inc on Friday said quarterly profit rose nearly 51 percent on a solid performance in insurance and by many of its other businesses, as well as gains from investments and derivatives.
The results topped expectations and were released after Berkshire shares closed at a record high.

