Stratification is happening within fixed income portfolios, Helen Fowler reports
US - Pacific Investment Management Co., manager of the world's largest mutual fund, raised more than $1.5bn for a private pool to buy assets from banks looking to strengthen their balance sheets, according to two people with knowledge of the fundraising....
US - Bill Gross, who runs the world's biggest bond fund at Pacific Investment Management Co., eliminated government-related debt from his flagship fund.
Here they are - the winners of the Global Pensions Awards 2011.
US - Pacific Investment Management Co. and Cutwater Asset Management Corp. are advising investors that record fund withdrawals amid projections of widespread municipal defaults have created a buying opportunity.
US - PIMCO's co-CIO Bill Gross has hit out at US policymakers for introducing "devilish policy tools" to rebalance US debt, effectively "robbing savers".
GERMANY - Allianz Global Investors chief executive officer (CEO) Joachim Faber has announced his intention to retire at the end of the year.
EUROPE - Pimco, the world's largest bond fund manager, has called on Greece, Ireland and Portugal to step outside the eurozone temporarily and restructure their debts unless the currency bloc agrees to a radical change of course.
US - PIMCO's co-CIO Bill Gross has poured $4.4m of his own money into five municipal bond funds run by the group in anticipation of a rally, Bloomberg reports.
EUROPE - PIMCO is partnering with exchange-traded product provider Source to offer fixed income ETFs in Europe, marking PIMCO's entry into the European ETF market.