Bill Gross, musing on his legacy in an April investment outlook, contended that the real test of his greatness as an investor would be his ability to adapt to a new era of shrinking bond market returns.
Loomis Sayles & Co.’s Dan Fuss, whose flagship fund beat 97 percent of rivals over the past three years, sees four commodity currencies as the “most attractive,” even as prospects the Federal Reserve will pare stimulus drive analysts to forecast most of them will decline.
Dan Fuss, whose Loomis Sayles Bond Fund beat 97 percent of rivals over the past three years, is holding off on buying Japanese sovereign bonds as Prime Minister Shinzo Abe’s policies may weaken the yen by another 8 percent.
Dan Fuss, whose Loomis Sayles Bond Fund beat 98 percent of its peers in the last three years, said the fixed-income market is more “overbought” than at any time in his 55-year career as he prepares to open a fund to British individual investors.
The euro rose for the first time in three days versus the yen before a report that economists said will show euro-area industrial production rebounded, supporting the central bank’s decision this month not to add stimulus.
Dan Fuss , whose Loomis Sayles Bond Fund beat 95 percent of competitors the past year, said he sold all of his Treasury holdings because of prospects interest rates will rise as the U.S. borrows unprecedented amounts.