William H. Gross has taken over management of the PIMCO Unconstrained Bond Fund, according to a filing with the Securities and Exchange Commission.
December 05, 2013 | 04:04 pm
Pacific Investment Management Co. had $39 billion in net redemptions during the third quarter as investors fled bonds in anticipation of rising interest rates.
November 08, 2013 | 03:19 pm
Institutional investment consultant Cliffwater LLC formed a joint venture — Cliffwater Investments LLC — with Virtus Investment Partners that will offer alternative investment mutual funds.
October 29, 2013 | 05:52 pm
Mitch J. Milias, co-founder and chairman of PRIMECAP Management Co., will relinquish his portfolio management responsibilities for the $36.2 billion Vanguard PRIMECAP Fund, the $5.8...
October 08, 2013 | 02:59 pm
The 25 largest managers of defined contribution mutual fund assets reported an aggregate of $1.988 trillion in proprietary-fund assets for the year ended June 30, a 17.8% increase from the $1.688...
September 30, 2013
Bond giant Pacific Investment Management Co. LLC is taking the next step to build itself into an alternatives investments powerhouse by preparing to launch its first managed-futures mutual fund.
August 20, 2013 | 04:40 pm
Legg Mason CEO Joseph Sullivan is looking to acquire or create an overseas equity brand, but analysts say he might have trouble attaining his goal.
August 19, 2013
The Blackstone Group has partnered with Fidelity Investment's Portfolio Advisory Service to launch its first daily valued alternative investment-focused mutual fund.
August 12, 2013 | 07:11 pm
William H. Gross' Total Return Fund, the world's biggest mutual fund, had its third straight month of withdrawals as investors continued to flee bonds.
August 02, 2013 | 03:31 pm
BluMont Capital has hired real asset manager Capital Innovations as subadviser on the Exemplar Global Agriculture Fund, confirmed James Wanstall, BluMont CEO, in an e-mail.
July 03, 2013 | 04:09 pm
Utah Educational Savings Plan, Salt Lake City, added 12 underlying investment funds to its customized options, confirmed Diane Johnson, outreach manager for the 529 plan.
June 26, 2013 | 02:36 pm
Although DoubleLine Capital LP is one of the most successful startups in money management, institutional assets have been hard to attract.
June 24, 2013
John Bogle, the 85-year-old founder of The Vanguard Group Inc., has been the most vociferous advocate against overpaying for investment management and, over the past 10 years, investors have shown...
June 13, 2013 | 08:45 am
Despite significant overall growth in exchange-traded funds, ETFs barely register in 401(k) plans.
June 10, 2013
Investors should avoid relative-value fixed-income funds for the next two years as the Federal Reserve starts scaling back unprecedented stimulus efforts that helped push borrowing costs to historic...