NEW YORK, July 30 (Reuters) – Closely followed bond investor
Bill Gross on Thursday said the Federal Reserve is beginning to
recognize that ultra low interest rates increasingly have
negative as well as positive consequences.
Gross’ remarks in his August Investment Outlook came a day
after the Fed, at the conclusion of its two-day policy meeting,
left its benchmark short-term interest rate near zero but
dropped several hints that it is near seeing enough improvement
in the job market to prompt officials to raise the rate as early
(Reuters) – Bond veteran Dan Fuss, vice chairman of investment firm Loomis Sayles, said on Thursday that it was still highly likely the Federal Reserve would delay raising rates until early next year.
Fuss spoke a day after Fed Chair Janet Yellen reinforced market expectations that the Fed was preparing to raise U.S. interest rates this year, possibly as soon as September.
NEW YORK (Reuters) – DoubleLine Capital Chief Executive Jeffrey Gundlach reiterated Wednesday that he did not believe the Federal Reserve would raise U.S. interest rates this year, shrugging off comments from Fed Chair Janet Yellen signaling a hike was likely by year-end.
“I can see why they want to get off of zero, but the economy just hasn’t really been able to corroborate,” Gundlach said at the CNBC Institutional Investor Delivering Alpha Conference in New York, referring to the Fed’s low benchmark rate policy.
NEW YORK (Reuters) – Pimco more than doubled its holdings of U.S. government-related debt in its flagship Pimco Total Return Fund PTTRX.O in June from the prior month, the firm reported on its website on Friday, as it looks for the Federal Reserve to hike interest rates slowly.
Pacific Investment Management Co, which is known as Pimco and is a unit of Germany’s Allianz SE (ALVG.DE: Quote, Profile, Research, Stock Buzz), said the Pimco Total Return Fund increased its holdings in U.S. government-related securities to 19.6 percent in June, up from 8.5 percent in May.
NEW YORK, July 10 (Reuters) – Pimco more than doubled its
holdings of U.S. government-related debt in its flagship Pimco
Total Return Fund in June from the prior month, the
firm reported on its website on Friday, as it looks for the
Federal Reserve to hike interest rates slowly.
Pacific Investment Management Co, which is known as Pimco
and is a unit of Germany’s Allianz SE, said the Pimco
Total Return Fund increased its holdings in U.S.
government-related securities to 19.6 percent in June, up from
8.5 percent in May.
NEW YORK (Reuters) – The Janus Global Unconstrained Bond Fund, overseen by Bill Gross, posted cash withdrawals of $39.1 million in June, the second consecutive month of outflows for the portfolio, Morningstar data showed on Friday.
Total assets in the fund at the end of June were $1.45 billion, Morningstar added.
NEW YORK (Reuters) – Bill Gross, manager of the Janus Global Unconstrained Bond Fund, reiterated on Wednesday that investors should curb their enthusiasm on returns.
“Making money with money is becoming more difficult because yields are low, P/Es are high and investment/productivity is declining,” Gross wrote on Twitter.
NEW YORK (Reuters) – DoubleLine Capital Chief Executive Jeffrey Gundlach still believes the U.S. Federal Reserve is unlikely to raise interest rates this year, given the Greece and Puerto Rico crises and commodity selling fueled by China’s market slump.
Gundlach, reiterating his Federal Reserve call first made in early May, said on a client webcast on Tuesday that odds of a Fed rate increase in September are now less than 25 percent.
NEW YORK (Reuters) – Investors pulled $3 billion in assets from Pacific Investment Management Co’s flagship fund in June, compared with $2.7 billion the previous month, in another sign Pimco is stabilizing since last fall’s departure of star manager Bill Gross.
The Pimco Total Return Fund had cash withdrawals of $5.6 billion in April and $7.3 billion in March, according to the Newport Beach, California-based firm. Assets in the fund have plunged to $102.8 billion from a peak of $293 billion in April 2013.
NEW YORK (Reuters) – Greece’s full-blown debt crisis and Puerto Rico’s unfolding one have dominated headlines all week, but some of the biggest U.S. investors have China at the top of their worry lists.
Jeffrey Gundlach, Bill Gross, Dan Ivascyn, Mohamed El-Erian, and David Rosenberg are among the money managers keeping close watch of China where markets have been under severe selling pressure despite moves by regulators to restore confidence.