Bonds

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The new year has not been kind to Bill “Bond King” Gross, but he is not alone. His massive fixed income-focused investment manager Pimco has lagged performance benchmarks, the culture of the firm has come under scrutiny since the departure of CEO Mohamed El-Erian and more than $5 billion has already been pulled by investors in January and February …

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Just days after his noisy exit from Pimco, Mohamed El-Erian has joined the round-the-clock cacophony that is Twitter. The former co-CEO of the Newport Beach, Calif., bond giant posted his first tweet Monday morning at around 10 a.m. to announce his presence. He officially left Pimco on Friday. By late morning, El-Erian had busied himself posting four …

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Global investment management firm Pacific Investment Management Company (Pimco) underperformed its peers last month, according to estimates by data tracker Morningstar, following internal strife at the company and the abrupt exit of CEO Mohamed El-Erian. “Pimco was the only provider among the top 10 firms by assets under management that had outflows in February,” Morningstar …

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Public shouting matches. A tense working atmosphere. A man at the top running amok. These are not the things one usually associates with Pimco, the world’s largest bond manager with $1.9 trillion under management and the largest single fund that alone boasts $237 billion. However, that’s the portrait that emerged from a scathing profile Tuesday …

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Investors have long considered bonds the safe, even dull, part of portfolios. Not anymore. With interest rates likely to continue rising from their historic lows, investors are rightfully concerned about the prospect of a prolonged bond bear market. Yet many financial advisors caution against bailing out of bonds entirely, despite the drubbing the fixed-income market …

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What a difference a year makes. This time last year, traders were talking about a “great rotation” from bonds into equities. For a few short weeks in January, it all seemed to be going to plan, with stellar stock gains starting in earnest. However, it now appears this January was all about a rotation of …

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Buckle up, bond investors. It’s about to get bumpy. As the Federal Reserve begins tapering its economic stimulus program in the weeks ahead, market strategists widely predict that rock-bottom interest rates, which have fueled a 30-year bond market rally, will trend slowly higher starting later this year. “I think an interest-rate rise looks pretty inevitable at this point, …

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Is it time to love one of the market’s most hated asset classes? As the economy improves, fixed income experts are advising investors to exit shorter-term Treasurys and move into the much–maligned long bonds. “The best value in the fixed income market right now is precisely where people have been leaving, and that’s the long …

Talking “Taper”

The CEO and co-chief investment officer of PIMCO, the world`s largest bond fund weighs in on the Fed’s decision.

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If fixed-income investors were under any impression that 2014 could mark an end to the turbulence experienced this year, they should think again – with some analysts predicting volatile conditions on both sides of the Atlantic. “It’s a dangerous game trying to time your exit,” Johan Jooste, head of the London investment office at private …

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A ‘Great Rotation’ out of bonds into stocks is only just underway and is setting up to be one of the major investment themes of 2014, strategists say. Equities, boosted by monetary stimulus from central banks and a recovery in the global economy, are the best performing asset class so far in 2013. U.S. stocks …

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The man often referred to as the godfather of the mortgage-backed security said a new breed of bonds backed by investor-owned rental properties carry no risk. The statement came just after Lewis Ranieri expressed regret that the mortgage-backed securities market imploded the way it did, bringing the U.S. economy along with it. According to Ranieri, the …

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