Pacific Investment Management Co., which manages the world’s largest bond fund, is turning bullish on Brazil’s debt markets, saying investors are ignoring the “long-term strength” of Latin America’s biggest economy.
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.
Mark Kiesel, the Pacific Investment Management Co. bond manager who sold his home in 2006 before the U.S. property market collapsed, says he’s remodeling the house he purchased last year as he wagers prices will climb further.
Pacific Investment Management Co. is wagering on sectors from chemicals to airlines with ties to regions with the best outlooks for growth as Europe’s debt crisis and the U.S. fiscal cliff of higher taxes and spending reductions threaten to derail the global recovery.