Bill Gross

42 results

Hedge funds will never be 100 per cent exposed to equities so some underperformance is inevitable in a long bull market. Photograph: Brendan McDermid/Reuters

Some big names in the financial world have been putting the boot into hedge funds in recent weeks. Warren Buffett scoffed at their “unbelievable” fee (...)

Jeremy Grantham

Hedge fund ‘ripoff’ sending investors to the poorhouse Hedge funds are coming under increasing criticism these days, with even fellow hedge fund mana(...)

Former British prime minister Gordon Brown has taken on a job at global investment firm, Pimco. The ex-Labour leader will advise on economic and political issues, the company announced. (Photograph: Danny Lawson/PA Wire)

The bond investing firm Pacific Investment Management Co (Pimco) has named two former central bank chiefs and a former British prime minister to sit (...)

Momentum bodes well for stocks After a rip-roaring rally, is it time for a market pullback? It has not been a run-of-the- mill bounce: stocks are very(...)

Allianz predicted it would achieve operating earnings of €10.8 bn in 2015, compared with a previous goal of €10.4 bn, plus or minus 400 million depending on claims and financial market developments.

Europe’s biggest insurer Allianz said it would post operating profit at the top of its target range this year, as low damage claims and gains from as(...)

Exchange-traded funds are similar to ordinary funds in that they provide access to a basket of stocks. However, they trade like stocks and can be bought and sold throughout the trading day. Photograph: Bryan Thomas/Getty Images

Exchange-traded funds (ETFs) have democratised the investment world, offering ordinary investors low-cost access to asset classes that were previously(...)

Investors look at computer screens showing stock information at a brokerage house in Shanghai. Photograph: REUTERS/Aly Song

Chinese investors have gone crazy for stocks this year. The tech-heavy ChiNext index has risen by some 150 per cent since January. The Shenzhen stock (...)

Allianz had struggled for years to bring underwriting losses under control at Fireman’s Fund.

German insurer Allianz said it had agreed to sell its Fireman’s Fund personal insurance business to insurer ACE for $365 million, freeing Allianz to f(...)

Total revenue rose 12 per cent to $8.91 billion

Morgan Stanley reported an 87 per cent rise in third-quarter earnings on Friday as the Wall Street bank’s trading, investment banking and wealth manag(...)

Goldman’s revenue from bond-trading soared 74 per cent to $2.17 billion in the third quarter as strong US economic data, stimulus measures by the European Central Bank, and the surprise exit of trading superstar Bill Gross from giant bond-trading firm Pimco jolted what had been a listless market. Photograph: Reuters

Goldman Sachs reported a 50 per cent jump in quarterly profit as last month’s pick-up in bond market activity helped to boost trading revenue, showing(...)

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