Jennifer's Feed
Aug 20, 2014

Pimco NYC office tackles bed bug infestation, fumigates

NEW YORK (Reuters) – The New York offices of Pimco, the massive asset manager run by Bill Gross, are being fumigated this week because of a bed bug infestation.

“Our New York office is addressing an isolated issue with insects, and as a precautionary measure the firm is fumigating certain areas of the office space,” a spokesman said on Wednesday.

Aug 19, 2014

Icahn says Family Dollar wasting over $300 mln in breakup fees

NEW YORK, Aug 19 (Reuters) – Billionaire activist investor
Carl Icahn told Reuters late Monday that efforts by Family
Dollar’s board to fend off competing bids in favor of a
deal with Dollar Tree have resulted in more than $300
million being needlessly spent on breakup fees.

Icahn has pushed Family Dollar to sell itself to Dollar
General and has been openly critical of Family Dollar
Chief Executive Howard Levine, who would have retained his
position after an acquisition by Dollar Tree.

Aug 19, 2014

Exclusive: Icahn says Family Dollar wasting over $300 million in breakup fees

NEW YORK (Reuters) – Billionaire activist investor Carl Icahn told Reuters late Monday that efforts by Family Dollar’s (FDO.N: Quote, Profile, Research, Stock Buzz) board to fend off competing bids in favor of a deal with Dollar Tree (DLTR.O: Quote, Profile, Research, Stock Buzz) have resulted in more than $300 million being needlessly spent on breakup fees.

Icahn has pushed Family Dollar to sell itself to Dollar General (DG.N: Quote, Profile, Research, Stock Buzz) and has been openly critical of Family Dollar Chief Executive Howard Levine, who would have retained his position after an acquisition by Dollar Tree.

Aug 18, 2014

Analysis: U.S. Treasuries set to storm on as EU yields drop, conflicts threaten

NEW YORK (Reuters) – Don’t bet against the U.S. bond market rally anytime soon.

Conflicts in Ukraine and the Middle East, and record low bond yields in Europe, have unleashed a stampede into Treasuries, knocking benchmark 10-year yields to 2.30 percent, a 14-month low at one stage on Friday. They ended the week at 2.34 percent.

Aug 17, 2014

U.S. Treasuries set to storm on as EU yields drop, conflicts threaten

NEW YORK, Aug 17 (Reuters) – Don’t bet against the U.S. bond
market rally anytime soon.

Conflicts in Ukraine and the Middle East, and record low
bond yields in Europe, have unleashed a stampede into
Treasuries, knocking benchmark 10-year yields to 2.30 percent, a
14-month low at one stage on Friday. They ended the week at 2.34
percent.

Aug 13, 2014

Exclusive – Life after Pimco: how bond manager Seidner beat his old boss Gross

NEW YORK (Reuters) – Marc Seidner, who left Pimco earlier this year just as the fixed income powerhouse was about to be roiled by internal strife, is beating his old boss Bill Gross at a game Gross used to dominate: calling the bond market.

Seidner sensed that last year’s Treasury market upheaval triggered by speculation about when the Federal Reserve would start reducing its bond-buying stimulus – the so-called “taper tantrum” – had left pockets of value in some longer-dated bonds.

Aug 13, 2014

Life after Pimco: how bond manager Seidner beat his old boss Gross

NEW YORK, Aug 13 (Reuters) – Marc Seidner, who left Pimco
earlier this year just as the fixed income powerhouse was about
to be roiled by internal strife, is beating his old boss Bill
Gross at a game Gross used to dominate: calling the bond market.

Seidner sensed that last year’s Treasury market upheaval
triggered by speculation about when the Federal Reserve would
start reducing its bond-buying stimulus – the so-called “taper
tantrum” – had left pockets of value in some longer-dated bonds.

Aug 11, 2014

Pimco Total Return cut U.S. government debt to 45 percent in July

NEW YORK (Reuters) – Bill Gross, who runs the world’s biggest bond fund at Pacific Investment Management Co, slightly reduced his holdings of U.S. Treasuries and government-related debt in July, and notably decreased his use of derivatives.

Gross’s Pimco Total Return Fund, with $223 billion in assets, had a still-high 45 percent of its assets in U.S. government-related holdings in July, down from 47 percent the previous month, according to Pimco’s website on Monday.

Aug 8, 2014

DoubleLine’s Gundlach: junk bond market is ‘not cheap’ even after sell-off

Aug 8 (Reuters) – DoubleLine Capital’s Jeffrey Gundlach said
on Friday that the junk bond market is “not cheap,” even after
its recent sell-off.

Investors pulled a record $7.1 billion from U.S.-based junk
bond funds in the latest week, according to Lipper data released
on Thursday.

Aug 4, 2014

Pimco suffers fifteenth month of outflows at Total Return Fund: Morningstar

NEW YORK (Reuters) – The Pimco Total Return Fund, the world’s largest bond fund, had net outflows of $830 million in July, marking its 15th straight month of outflows, according to Morningstar data on Monday.

The fund, run by Bill Gross, has had about $65 billion in outflows since May 2013, the data showed. It had $223 billion in assets at the end of last month, down from a peak of $292.9 billion in April 2013.