Jennifer's Feed
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.

Sep 10, 2014

Pimco Total Return Fund cuts US gov’t holdings to 41 pct in Aug

NEW YORK, Sept 10 (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.

Sep 3, 2014

Pimco Total Return Fund suffers 16th month of outflows: Morningstar

NEW YORK (Reuters) – Investors pulled cash from the Pimco Total Return Fund for a 16th straight month in August despite some improvement in performance for the world’s largest bond fund.

The fund, run by Bill Gross, had net outflows of $3.9 billion in August, which brings the Total Return Fund’s net cash withdrawals to almost $70 billion since May 2013, Morningstar said on Wednesday.

Sep 3, 2014

Pimco’s Gross: US depends on credit growth but not occurring

NEW YORK, Sept 3 (Reuters) – Economic growth depends on the
productive use of investment and rejuvenation of “capitalistic
animal spirits,” but that’s not taking place now, said Bill
Gross, manager of the world’s largest bond fund, in his latest
investment outlook letter on Wednesday.

“Economic growth depends on the productive use of credit
growth, something that is not occurring,” said Gross, who
manages the $223 billion Pimco Total Return Fund.

Sep 2, 2014

Jeffrey Gundlach’s DoubleLine Funds see seventh straight month of inflows

NEW YORK (Reuters) – Jeffrey Gundlach’s DoubleLine Funds had net inflows of $697 million in August, with its flagship DoubleLine Total Return Bond Fund attracting net inflows of $562 million.

DoubleLine Capital, based in Los Angeles, said on Tuesday its DoubleLine Total Return Bond Fund ended August with net inflows totaling $2.47 billion so far this year, and more than $3.42 billion of net inflows into DoubleLine open-end funds.

Aug 25, 2014

Investors look for more gains as U.S. S&P 500 index hits 2,000 milestone

NEW YORK, Aug 25 (Reuters) – The U.S. S&P 500 stock
index broke through the landmark 2,000 level on Monday, marking
a six-year rally which has benefited many Americans from Wall
Street to Main Street.

During that time the unemployment rate has fallen from a
high of 10 percent in December 2009 to a low of 6.1 percent in
June of this year, but the rally is still seen as largely
benefiting wealthier Americans as paltry wage rises have left
most Americans with little to invest in retirement accounts.

Aug 25, 2014

U.S. S&P 500 stock index hits 2,000 milestone

NEW YORK, Aug 25 (Reuters) – The U.S. S&P 500 stock
index broke through the landmark 2,000 level on Monday, marking
a six year rally which has benefitted many Americans from Wall
Street to Main Street.

During that time the unemployment rate has fallen from a
high of 10 percent in December 2009 to a low of 6.1 percent in
June this year, but the rally is still seen has largely
benefiting wealthier Americans, as paltry wage rises have left
most Americans with little money to invest in retirement
accounts.