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Apr 24, 2015

Big personalities of the dotcom boom – where are they now?

NEW YORK, April 24 (Reuters) – The Nasdaq’s March 2000 peak
brought with it a plethora of colorful personalities – Wall
Street analysts, bankers and tech moguls – who saw their
reputations tarnished once the bubble burst. Many found solid
second acts long after the dotcom implosion hit them hard.

Now that the index has surpassed its prior peak, here is an
update on some of the most notable names of the last Nasdaq
boom.

Apr 23, 2015

Janus CEO says first-quarter stems more from equities strength, less from Gross

NEW YORK (Reuters) – Janus Capital Group Inc (JNS.N: Quote, Profile, Research, Stock Buzz), the firm that hired closely watched bond investor Bill Gross in September, said first-quarter earnings came in above expectations with the help of net inflows into its equity funds.

Janus Chief Executive Officer Richard Weil said on a conference call on Thursday that the story of the first quarter was the strength in equities, compared with the previous quarter, “which was about Bill Gross and Myron Scholes.”

Apr 23, 2015

Janus CEO says Q1 stems more from equities strength, less from Gross

NEW YORK, April 23 (Reuters) – Janus Capital Group Inc
, the firm that hired closely watched bond investor Bill
Gross in September, said first-quarter earnings came in above
expectations with the help of net inflows into its equity funds.

Janus Chief Executive Officer Richard Weil said on a
conference call on Thursday that the story of the first quarter
was the strength in equities, compared with the previous
quarter, “which was about Bill Gross and Myron Scholes.”

Apr 19, 2015

Insight – For short-sellers in U.S. stocks, the agony just piles on

NEW YORK (Reuters) – In January 2014, veteran short-seller Bill Fleckenstein said he was readying a new fund to bet on falling stock prices. More than a year later, he’s still waiting to launch that fund.

Despite lacklustre U.S. economic data, a world grappling with slow growth, concern that Greece and Ukraine could default on their debts, the U.S. stock market has been more than resilient. Even after a selloff on Friday, major indices are less than two percent from all-time highs and volatility measurements have been close to their lowest levels for 2015.

Apr 19, 2015

For short-sellers in U.S. stocks, the agony just piles on

NEW YORK, April 19 (Reuters) – In January 2014, veteran
short-seller Bill Fleckenstein said he was readying a new fund
to bet on falling stock prices. More than a year later, he’s
still waiting to launch that fund.

Despite lackluster U.S. economic data, a world grappling
with slow growth, concern that Greece and Ukraine could default
on their debts, the U.S. stock market has been more than
resilient. Even after a selloff on Friday, major indices are
less than two percent from all-time highs and volatility
measurements have been close to their lowest levels for 2015.

Apr 10, 2015

Pimco Total Return Fund slashes US government-related holdings in March

NEW YORK, April 10 (Reuters) – The Pimco Total Return Fund
decreased its exposure in U.S. government-related securities to
21.60 percent in March, from 35.29 percent in February,
according to Pimco’s website on Friday.

Pimco Total Return Fund’s mortgage holdings held steady at
32.91 pct in March, compared with 32.86 percent in February,
Pimco said. Most notable was Pimco Total Return Fund’s exposure
in non-U.S. developed holdings, which increased to 2.56 percent
in March, compared with a negative position of 2.70 percent in
February.

Apr 9, 2015

Bill Gross’s fund posts inflow of $10.2 million in March, reversing withdrawals

NEW YORK (Reuters) – Investors put $10.2 million into Bill Gross’s Janus Global Unconstrained Bond Fund in March, reversing cash withdrawals from the previous month, Morningstar said on Thursday.

The Janus Global Unconstrained Bond Fund, which suffered cash withdrawals of $18.5 million in February, had assets under management of $1.5 billion at the end of March. That’s up from $1.46 billion at the end of January, its previous high in net assets, according to Morningstar data.

Apr 7, 2015

Gundlach: ‘Fed wants to get off zero,’ may hike rates in June

NEW YORK (Reuters) – DoubleLine Capital Chief Executive Jeffrey Gundlach said on Tuesday that the Federal Reserve could raise interest rates in June if economic data stabilizes.

“The Fed wants to get off zero,” Gundlach said on an investor and media webcast. The weak March payrolls report may not be enough to deter an interest-rate increase in mid-June, Gundlach said.

Apr 7, 2015

Pimco Unconstrained Bond Fund posts $660 million in outflows for March

NEW YORK (Reuters) – The Pimco Unconstrained Bond Fund posted $660 million in net cash withdrawals for March, bringing its year-to-date outflows to $1.7 billion, according to Morningstar data on Tuesday.

The fund, which was run by Pimco co-founder Bill Gross from December 2013 until his stunning exit from the firm last September, had record outflows of roughly $16 billion in 2014, Morningstar data show.

Apr 2, 2015

Investors pull $7.3 billion from Pimco Total Return Fund in March

NEW YORK (Reuters) – Investors yanked another $7.3 billion from the Pimco Total Return Fund last month, Pimco said on Thursday, as the firm’s flagship fund continues to reel six months after co-founder Bill Gross’s exit.

March’s outflow, the 23rd straight month of withdrawals, compared with $8.6 billion the previous month. The fund had assets under management of $117.4 billion at the end of March, down from a peak of $292.9 billion in April 2013.