Bill Gross Investment Outlook
Dear President Obama
June 30, 2008
In a letter to a predicted President Obama, Bill Gross ponders why anyone would want to be president when the nation will be facing its first trillion-dollar deficit.
Hmmmmm?
May 22, 2008
Bill Gross says Treasury bonds and U.S. TIPS should be avoided because of an artificially low inflation rate, calls commodity-based assets and foreign equities-denominated in currencies that reflect real growth and inflation-“credible” and says developing economies are “obvious” choices for investment dollars.
All Quiet on the Western Front
April 29, 2008
Bill Gross says the Fed risks doing more damage than good if it lowers the Fed funds rate again. A better alternative, he says, is to initiate a “limited” mark-to-market write-down of private mortgage debt and offer government-subsidized loans at below market rates.
When I'm Sixty-Four
March 31, 2008
Bill Gross surveys the financial market landscape as he approaches his 64th birthday with no plans to slow down because the times are too exciting.
No Country for Old Maids
February 26, 2008
There’s a parlor card game most boomers know as “Old Maid.” Old Maid now has a second life mimicking our financial markets, and at PIMCO we’ve played it frequently in our Investment Committee over the past several months.
Better Late Than Never
January 29, 2008
artificially low, 1% short-term interest rate was an elixir during the days of a burgeoning shadow banking system. It cannot be the solution now.
Pyramids Crumbling
January 8, 2008
My college experience dates so far back that it can only be labeled "ancient history." Still, there are a few seminal lessons I learned at Duke University—unfortunately none of them having much to do ...
The Shadow Knows
December 18, 2007
The woven tangled web of subprimes has claimed more than its share of victims in recent months. Homeowners by the hundreds of thousands, to be sure, but also those that created, packaged, insured,...
Shadow Dancing
October 30, 2007
When the music’s over, turn out the lights. Jim Morrison, The Doors 1967Citigroup’s Chuck Prince was a dancer. Not by profession mind you, or even as an amateur Foxtrotter with the ...
Now On PIonline
- After drawing institutional assets four times faster than traditional equity strategies for most of the last five years, quant strategies suffered outflows in the second half of 2007. And the hemorrhaging has accelerated. Posted: July 3, 9:42 AM
- The S&P 500 touched bear territory after the Labor Dept. reported a sixth-straight month of job losses but in shortened trading before the Independence Day holiday, prices recovered as the same report suggested the Fed will keep rates unchanged. Posted: July 3, 2:32 PM
- With the U.S. economy stalled due to an increase in oil prices and the slow-down of international growth, Northern Trust Global Investments is advising clients to overweight cash and stay away from many kinds of stocks. Posted: July 2, 3:00 PM
- In a letter to a predicted President Obama, Bill Gross ponders why anyone would want to be president when the nation will be facing its first trillion-dollar deficit. Posted: June 30, 10:04 AM
- A New York firm is working to bring efficiencies to the trade claims market, using its new acquisition, a company known as T-Rex, to a $75 billion market that just $3 billion traded over the past 12 months. Posted: June 27, 4:03 PM
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Highlights |
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LDI insightMore than two-fifths of defined benefit plans are using or are considering using liability-driven investing strategies, a survey conducted by Pensions & Investments and Putnam Investments shows. Read more |
Power planFans of Putnam Investments' incoming CEO Robert L. Reynolds say the former Fidelity vice chairman has the industry smarts and first-rate people skills needed to breathe new life into the struggling firm. Read more |
DC REITAn increasing number of REIT managers are setting their sights on the defined contribution plan market in the hunt for new sources of investment capital. Read more |
Out RusselledEx-CEO Craig Ueland left Russell with unanswered questions and not much of a strategy to get back in the U.S. multimanager game, where SEI has taken over as No. 1. Read more |
From concentrateSome institutional investors are betting on highly concentrated equity portfolios to gain more alpha while at the same time expanding allocations to their core passive strategies. Read more |
New navigatorOn July 1, Carl Hess will take on the title of global head of investment consulting at Watson Wyatt. A 20-year veteran with the firm, he talked with P&I about plotting a course through changing and volatile markets. Read more |
Caution: slow zone aheadMoney managers with international and global strategies saw a steep drop in growth of assets in the year ended March 31 after equity markets suffered a post-credit crunch slump. Read more |