The manager of the top-performing DoubleLine Total Return Bond Fund, is expanding to variable annuities by subadvising a fund modeled after his flagship for Prudential Plc's Jackson National Life Insurance.
Jeffrey Gundlach's DoubleLine Total Return Bond Fund, which has beaten 97% of rivals over the past three years, had its third straight month of net withdrawals as investors continued to flee bonds.
A former adviser to billionaire George Soros and now a member of Japan's upper house of parliament, said a fiscal crisis in Asia's second- biggest economy is inevitable and neither a higher sales tax nor the 2020 Olympics will be able to stop it.
Goldman Sachs Group Inc. and Morgan Stanley had their earnings estimates lowered by Brad Hintz, a Sanford C. Bernstein & Co. analyst, amid a decline in trading he called “a full-scale rout.”
Treasury 10-year note yields dropped to almost the lowest level this month as Federal Reserve Bank of New York President William C. Dudley said the U.S. economy has yet to show “any meaningful pickup” in momentum.
“I think Bernanke and company are committed to a taper,” Pimco co-founder says.
The world's biggest mutual fund keeps getting smaller.
Hedge-fund managers from Stanley Druckenmiller to Fortress Investment Group LLC's Michael Novogratz and Passport Capital LLC's John Burbank said U.S. stocks will continue to do well this year even as the Federal Reserve gradually reduces its asset purchases.
BlackRock expects China's economy to “surprise on the upside” for the rest of the year, after the cost of insuring the nation's debt fell the most in Asia this quarter.
Demand for new Treasuries from their biggest owners is proving impervious to rising yields and the retreat of Wall Street dealers.
