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.
Global prices are poised to climb during the next three to five years as developed nations seek to reduce debt burdens, favoring Treasury Inflation Protected Securities, according to Pacific Investment Management Co.
Pacific Investment Management Co., the world’s biggest bond manager, named four deputy chief investment officers in an overhaul of its leadership team after Mohamed El-Erian’s decision last week to step down as chief executive officer.
Pacific Investment Management Co.’s Bill Gross is giving the firm’s six new deputy chief investment officers more autonomy in a leadership overhaul spurred by Mohamed El-Erian’s decision to quit as chief executive officer.
Hedge funds reduced bets on higher commodity prices for the first time in seven weeks after China cut its growth target, just as prices rallied on signs the U.S. economy is improving and Greece is containing its debt crisis.