In an <i>InvestmentNews</i> exclusive, the Bond King explains his 'constructive obsession' with defeating rivals and answers advisers' burning questions. <b>More coverage: <a href="http://www.investmentnews.com/section/specialreport/20141006/GROSS" target="_blank">Our special report on Gross' next chapter</a></b>
<i>Breakfast with Benjamin:</i> Gross' message to advisers. <i>Plus:</i> Where the Pimco flows are landing, the stock market rally as house of cards, the dental indicator, bitcoin is back and a big corporate split.
While some financial professionals say Bill Gross' exit is the final straw, and others exited long ago — some are staying put.
Lack of liquidity in less-traded corners of the market is the big issue
Research firm cites "uncertainty regarding outflows" and shuffled management as the reasons for downgrading Pimco's flagship fund.
The decision comes on top of record outflows for the Pimco Total Return Fund, as Schwab cites "ongoing organizational changes" as a cause of action.
Just a year after launching the Renaissance IPO ETF, the public-stock-offering research and data-tracking firm is coming out with an international IPO fund.
Today's <i>Breakfast with Benjamin</i> menu covers the U.S. dollar threatening to knock markets off balance, riding an ETF back into commodities, retirement plans turning on the Pimco Total Return Fund, and more.
Bill Gross is leaving Pimco, the company he co-founded, to manage fixed-income portfolios for Janus Capital Group and build out Janus' fixed-income business.
Once stars like Fidelity's Peter Lynch, Legg Mason's Bill Miller and Pimco's Bill Gross were deified by investors. But many of the most popular products are index funds and ETFs that have no managers at all.
Bill Gross gives Janus much-needed shot in the arm and brings instant credibility to firm that has been all but off the radar.
As new CIO, longtime Pimco manager will have to fill the shoes of an investing legend at a difficult time. <i>Plus:</i> <a href="http://www.investmentnews.com/article/20140926/FREE/140929928/advisers-blindsided-by-gross-departure-as-pimco-faces-rebuilding" target="_blank">Advisers 'blindsided' by Gross departure as Pimco faces rebuilding</a>
In an already rough year, exit of the Bond King could lead to more funds flowing out.
Today's <i>Breakfast with Benjamin</i> sees stock and real estate bubbles on a collision course, gold prices stuck in neutral, Bill Gross cutting Treasury bond exposure, and much more.
Monday <i>Breakfast with Benjamin:</i>Gross, Ivascyn to square off. Plus: The outlook for Pimco outflows is bad and worse, global markets keeping an eye on Hong Kong civil unrest, a warning about fixed indexed annuities, buying ahead of ex-dividend dates, and running the numbers on Roth IRAs
New three-person team at the world's largest bond fund says they can handle outflows and will rely on a similar strategy to the departed Bond King.
A timeline of the tumultuous 2014 for Gross and Pimco
$3.6B ETF is reportedly is being investigated over whether it artificially inflated asset prices to boost returns.
