Pacific Investment Management Co., the world’s biggest bond manager, sees opportunities in Russia after investors sold out of the country during the standoff with Europe and the U.S. over Crimea. It’s throwing in the towel on Turkey.
Bill Gross, who runs the world’s biggest bond fund at Pacific Investment Management Co., decreased its holdings of Treasuries in March as comments by Federal Reserve Chair Janet Yellen sent shorter-term U.S. securities tumbling.
European insurers such as Allianz SE and Axa SA are shifting investments into the loan market, taking business from banks that are being forced to increase capital and meet tougher regulations, Moody’s Investors Service said.
Pacific Investment Management Co.’s Bill Gross said the pace of employment growth in the U.S. means the Federal Reserve will continue to wind down bond purchases and then consider raising interest rates.
The road Andrew Balls took from journalist to one of Bill Gross’s new top deputies -- all by the age of 40 -- went through Oxford and Harvard, with a stop at Stanley Fischer. He’s likely to become one of the public faces of Pacific Investment Management Co., so there are some things to know about him.
Australia’s economy is vulnerable to a slowdown in China, where risks are “tilted to the downside,” meaning its dollar could slide even as domestic demand shows signs of improvement, Pacific Investment Management Co. said.