From aiCIO Magazine's Fall 2011 Issue: If the
financial crisis exposed the Chicago School’s central economic theory -- the primacy of free markets unfettered by government intervention -- to be a False God, what will take its place? Joe Flood reports.
Pacific Investment Management Co. founder Bill Gross says he has "lost sleep" over a wrong call on US Treasury bond interest rates, which cost him in his Total Return bond fund.
According to JP Morgan, institutional investors are increasingly rebalancing their portfolios following recent market volatility, targeting investments in high-dividend equities, active emerging markets and selective commodities.
Among institutional master trusts in the Wilshire Trust Universe Comparison Service, corporate funds earned the spot as top performer for the second quarter, while public funds ranked No. 1 for the year.
In another legal blow to Bank of America, a group of 15 institutional investors has sued the bank for allegedly misleading investors about the integrity of its subsidiary Countrywide Financial’s financial condition and lending practices.
The Fed’s Senior Credit Officer Opinion survey shows that banks are offering more favorable credit terms to large investors in an attempt to move back towards traditional bank lending.
A group of 11 mortgage-bond investors have filed a challenge to Bank of America’s proposed $8.5 billion settlement with holders of its subprime mortgage securities.
Bank of America has agreed to settle for $14 billion with investors who bought ill-fated subprime mortgage securities from its Countrywide Financial subsidiary.
PIMCO's El-Erian predicts a Greek default, yet says a default will not prompt a new global financial crisis because the country is too small in terms of economic impact.
