Survey: Fund Managers Foresee Weakened China Economy
A new BofA Merrill Lynch Survey of Fund Managers for May shows that a net 28% of regional fund managers expect China's economy to weaken in the coming year, up from a net 15% in March.
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PIMCO's Gross Urges Investors to 'Revolt' Against US Government, Buy EM Debt
The manager of the world’s largest bond fund, who sold out of all his holdings in US Treasury bonds in March of this year, is pushing investors to move away from Treasuries and seek global investments for better yield opportunities.
Fed Report: Threat of Municipalities Defaulting May Be 'Overblown'
Despite turbulent economic times and bigger anticipated payments to underfunded public pensions, a new study has indicated that few municipalities will default on debt.
PIMCO's Gross Isn't Just Treasury-Neutral –- He's Shorting Them
Bill Gross, who for months has spoken openly of a Treasury bubble, is now short US government debt.
Seeking to Buy Troubled Mortgages, PIMCO Raises $1.5 Billion
The manager of the world's largest mutual fund has raised more than $1.5 billion for a private pool to buy debt such as troubled commercial and residential mortgages from banks looking to improve their balance sheets.
PIMCO's El-Erian: Japan Will Recover
"The good health of Japan is central to a robust global economy that generates lots of jobs and enhances productivity," writes PIMCO's El-Erian
Japanese Insurance Capital Invested Abroad Expected to Move Home
Just how much of the estimated $3 trillion in Japanese assets held outside the country will be repatriated due to the earthquake, tsunami, and potential nuclear disaster has yet to be seen.
Equities Remain a Preferred Asset Class, Lipper Says
In the week ended March 9, investors pumped nearly three times the amount into US-domiciled equity mutual funds from the prior period.
PIMCO’s Total Return to Hold Zero US Government Debt
According to Bill Gross, the $273 billion fund will, for the first time in over two years, remove all American government debt from its holdings.
Following PIMCO's El-Erian, Warren Buffett Discourages QE2
Warren Buffett thinks the US does not need another round of quantitative easing, saying that we've already had "massive" government stimulus.
PIMCO's El-Erian Says the Fed Must Exit QE2
Mohamed El-Erian, CEO and co-CIO of the Pacific Investment Management Co. (PIMCO), told CNBC that the US economy must learn how to survive independently, without artificial stimulus.
PIMCO Slashes US Government Holdings
The world's largest bond fund cut its exposure to US government-related debt last month.
PIMCO's Gross Says Bankers Should Be Ashamed
In a 2,000-word diatribe, PIMCO's Bill Gross has said that Central bankers compare unfavorably to the devil and that money managers have failed to properly allocate capital.
Survey Shows Optimism About Growth and Inflation, Waning Confidence in Emerging Markets
A study by Northern Trust of approximately 97 institutional managers shows expectation of rising inflation and interest rates, as well as increased skepticism about the prospects for emerging markets.
Despite Recent Raids, Hedge Funds May Escape Fed Supervision
According to an anonymous source familiar with the Federal
Reserve’s thinking, hedge funds, beset with recent worries, are likely to
escape the key “systemically important” designation that would be accompanied
by rigorous Fed oversight.