Jennifer's Feed
Aug 27, 2015

Exclusive – Trump on Icahn: most top dealmakers are miserable but Carl is nice

NEW YORK (Reuters) – Donald Trump had to do a bit of damage control on Thursday after repeatedly dropping Carl Icahn’s name in a campaign speech and then saying most good business negotiators were “vicious, horrible, miserable human beings.”

Icahn, the billionaire investor, called Trump, the real estate mogul turned U.S. presidential candidate, to ask for an explanation after Trump made the comments in a speech.

Aug 26, 2015

Pimco CIO: Sept. Fed rate hike no longer ‘base case’ for firm

NEW YORK, Aug 26 (Reuters) – Pimco Group Chief Investment
Officer Dan Ivascyn said a Federal Reserve interest rate
increase in September is no longer the Newport Beach, California
company’s base-case scenario.

“It’s not off the table, but it is not our base case,”
Ivascyn told Reuters on Wednesday. “We still think there is an
initial rate increase before year end,” he added.

Aug 26, 2015

Bill Gross’s Janus bond fund drops second consecutive day

NEW YORK (Reuters) – Bill Gross’s Janus Global Unconstrained Bond Fund JUCAX.O suffered its second day of declines in its net asset value on Tuesday, wiping out gains for the year, according to fund-research firm Morningstar Inc on Wednesday.

The $1.5 billion Janus fund’s returns stood at negative 2.63 percent year-to-date as of Aug. 25, which places Gross’s portfolio behind 92 percent of its peers category, Morningstar said. The Janus Global Unconstrained Bond Fund was down 0.42 percent on Tuesday after a 2.86 percent decline on Monday.

Aug 25, 2015

Bridgewater’s Dalio: Next big Fed move will be to ease, not tighten

NEW YORK, Aug 25 (Reuters) – Ray Dalio, the founder of
Bridgewater Associates, the world’s largest hedge fund, said the
firm believes the next big move by the U.S. Federal Reserve will
be to loosen monetary policy, not tighten it.

In a client note sent out on Monday, Dalio said the Fed is
paying too much attention to the short-term ups and downs of the
business cycle rather than the longer-term ramifications of
central banks driving interest rates to zero, which now leaves
them no room to act if worldwide deflation takes hold.

Aug 24, 2015

Exclusive: DoubleLine’s Gundlach says U.S. equity markets face another major leg down

NEW YORK (Reuters) – DoubleLine Capital co-founder Jeffrey Gundlach, widely followed for his investment calls, warned on Monday that the U.S. equity markets face another round of selling pressure.

“The U.S. stock market is in a mode of uncertainty, at best,” Gundlach said in a telephone interview with Reuters. “You don’t correct all of this in three days. The market is wounded and it takes time for people to get around to feeling good again.”

Aug 24, 2015

DoubleLine’s Gundlach says U.S. equity markets face another major leg down

NEW YORK, Aug 24 (Reuters) – DoubleLine Capital co-founder
Jeffrey Gundlach, widely followed for his investment calls,
warned on Monday that the U.S. equity markets face another round
of selling pressure.

“The U.S. stock market is in a mode of uncertainty, at
best,” Gundlach said in a telephone interview with Reuters. “You
don’t correct all of this in three days. The market is wounded
and it takes time for people to get around to feeling good
again.”

Aug 21, 2015

Allianz’s El-Erian says September rate hike ‘really tough policy call’

NEW YORK (Reuters) – Mohamed El-Erian, chief economic adviser at Allianz SE, said on Friday that the U.S. Federal Reserve might not raise interest rates in September against a backdrop of slowing global economic growth.

“It’s a really tough policy call,” El-Erian said in an interview with Reuters. “Not only do domestic indicators conflict with external ones, but the Fed itself has only a partial handle on the economy – and inevitably so. This is a time of significant policy uncertainty, particularly given that what’s on the table is a policy regime change – namely the first interest rate hike in over nine years.”

Aug 19, 2015

‘Go anywhere’ bond funds pose risks that investors can’t see

NEW YORK (Reuters) – With the Federal Reserve expected by many to begin increasing interest rates next month, investors will be looking to the managers of unconstrained bond funds for protection.

But figuring out what the managers of these “go anywhere funds” are doing can give investors whiplash: managers are allowed to buy whatever securities they want whenever they want, and have carte blanche to do such things as sell Treasury bonds short and stuff their portfolios with derivatives.

Aug 19, 2015

Insight – ‘Go anywhere’ bond funds pose risks that investors can’t see

NEW YORK (Reuters) – With the Federal Reserve expected by many to begin increasing interest rates next month, investors will be looking to the managers of unconstrained bond funds for protection.

But figuring out what the managers of these “go anywhere funds” are doing can give investors whiplash: managers are allowed to buy whatever securities they want whenever they want, and have carte blanche to do such things as sell Treasury bonds short and stuff their portfolios with derivatives.

Aug 18, 2015

DoubleLine’s Gundlach says ‘bad idea’ for Fed hike with junk bonds at four-year low

NEW YORK (Reuters) – DoubleLine Capital’s co-founder Jeffrey Gundlach warned on Tuesday that it might be premature for the U.S. Federal Reserve to raise interest rates next month, given junk-bond prices are hovering near four-year lows.

“To raise interest rates when junk bonds are nearly at a four-year low is a bad idea,” Gundlach said in a telephone interview.