Mark Porterfield

OGX Default Seen in Bond Plummet as Batista Empire Sinks

OGX Petroleo & Gas Participacoes SA’s bonds are falling like never before, a sign that investors are bracing for what would be the biggest company default in Latin America as controlling shareholder Eike Batista struggles to raise cash.

Pimco Joining Sellers Spurs Steepest Monthly Losses: Muni Credit

The $3.7 trillion municipal market is poised for its first two-month slide since 2011 as Bill Gross, manager of the world’s biggest bond fund, is joining individual investors in reducing holdings of local debt.

Pimco Cut Total Return Fund Muni Allocation to 4% in May

Bill Gross, manager of the world’s biggest bond fund at Pacific Investment Management Co., cut its stake in municipal debt to 4 percent of assets, the lowest allocation in nine months, the company said today.

Pimco Flagship Has First Withdrawals Since 2011

Bill Gross’s Pimco Total Return Fund, the world’s largest mutual fund, suffered the first client withdrawals since 2011 last month as global bond markets tumbled the most in nine years.

Gross’s Pimco Total Return Fund Falls 1.9% in May

Bill Gross’s Pimco Total Return Fund, the world’s largest mutual fund, declined 1.9 percent this month, the biggest monthly loss since September 2008.

Pimco Favorite Crushed by Bernanke QE Unwind Talk: Mexico Credit

Federal Reserve Chairman Ben S. Bernanke’s plan to pare back asset purchases if the U.S. posts sustained economic growth is sparking the worst selloff in Mexican bonds in two years.

Pimco ETF Trounces Flagship Attracting Less Cash: Credit Markets

Pacific Investment Management Co.’s 13-month-old exchange-traded fund is attracting more cash than the firm’s flagship Total Return mutual fund as investors join Bill Gross in preferring ETFs for bond investing.

Pimco's Gross Buys Shorter-Maturity BP, Anadarko Petroleum Corporate Bonds

Bill Gross , co-chief investment officer at Pacific Investment Management Co., recently bought $100 million of shorter maturity BP Plc bonds and some Anadarko Petroleum Corp. debt, spokesman Mark Porterfield wrote today in an e-mail.

Pimco Says Total Return Exceeded Morningstar’s Estimate

Pacific Investment Management Co. said Morningstar Inc. significantly underestimated March investor deposits into Pimco Total Return, the world’s biggest mutual fund.

Gross’s Pimco Trounced by Chilean’s Junk-Fueled 371% Gain

Chilean fund manager Fernando Tisne is delivering the world’s best emerging-market bond returns as he profits from distressed and junk-rated Latin American corporate debt.

Newport Beach

Bill Gross

New York

Latin America

U.S. Equities Gain While Yen, Treasuries Drop Before Fed

U.S. Stocks Rise Amid Housing Starts Data, Fed Meeting

Yen Falls Second Day Versus Dollar Before Fed; Franc Rallies

Gold Falls to One-Week Low on Bets Fed May Scale Back Stimulus

Rigged-Benchmark Probes Proliferate From Singapore to UK