Marc Seidner, who left Pacific Investment Management Co. in a leadership shakeup triggered by Chief Executive Officer Mohamed El-Erian’s resignation, is returning to Boston as head of fixed income at money manager Grantham Mayo Van Otterloo & Co.
Marc Seidner, who left Pacific Investment Management Co. in a leadership shakeup triggered by Chief Executive Officer Mohamed El-Erian’s resignation, joined Boston money manager Grantham Mayo Van Otterloo & Co. to oversee fixed income.
Jeremy Grantham said there is a 25 percent chance that China, the world’s second-largest economy, will “stumble” by next year over imbalances such as too much capital spending, an overheating real estate market or accelerating inflation.
U.S. stocks will decline over the next seven years after almost tripling from their 2009 lows because they are overvalued, said Ben Inker, head of global asset allocation at investment firm Grantham Mayo Van Otterloo & Co.
Thomas Perkins beat 94 percent of his mutual-fund rivals in the past decade by investing in midsize companies. He now prefers giants such as Cisco Systems Inc. and Wal-Mart Stores Inc ., and his $12.4 billion Perkins Mid Cap Value Fund is almost at its limit for big-company shares.
Jeremy Grantham , chief investment strategist at Grantham Mayo Van Otterloo & Co., said the Federal Reserve’s policy of low interest rates has harmed the U.S. economy and if the central bank goes ahead with quantitative easing it could make the situation worse.
Investors are pouring more money into stock mutual funds in the U.S. than they have in 13 years, attracted by a market near record highs and stung by bond losses that would deepen if interest rates keep rising.