For Ed Devlin, mounting fear that China’s currency devaluation could send consumer prices worldwide into a destructive downward spiral — voiced by such luminaries as his former boss Bill Gross — is a buying opportunity.
Devlin, who manages the Canadian investments for Pacific Investment Management Co., or Pimco, has a longstanding bet consumer-price increases in the country will rise, not fall, making bonds with built-in inflation protection more valuable.
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Read the full story at Bloomberg by Ari Altstedter
Bill Gross
Bill Gross, who recommended shorting
the Chinese stock market last month
before it plunged, didn’t actually do the
trade. The Shenzhen Composite Index
has fallen 38 percent since the famed
Janus Capital Group More…
When it comes to shorting the 10-year
German Bund, the world’s largest bond
house, Pimco, and its former star fund
manager, BillGross, do not agree… By
Jenny Cosgrave More…
There is a mass exodus, and it isn’t because
Passover is around the corner; Bill Gross’
fund at Janus is seeing investors leave in
droves. The Unconstrained Bond Fund,
which Bill Gross took control More…
Bob Marley fans love “Redemption song”
but redemptions are not exactly music to
a fund manager’s ear. Redemptions are
when clients withdraw their money from
funds, and Pimco has been playing More…
After Bill Gross’ well-publicized exodus from
Pimco, he has seen losses at Janus with his
Unconstrained Bond Fund, due mainly to the
fall in fuel prices and weakness in Russia and
Brazil, according to Marketwatch. The More…
After Bill Gross, founder of the largest bond
fund in the world, left Pimco, investors left
with him, and the ones who were hanging
on might have felt abandoned. Bill Gross’
departure from the fund he helped More…
Billionaire investor Bill Gross has expressed
doubts about the effect of the European
Central Bank (ECB)’s larger-than-expected
quantitative-easing (QE) program, saying the
step should have been taken much earlier. In
A policy statement from the U.S. Federal
Reserve indicates a “patient” approach to
raising interest rates; Janus manager Bill Gross
thinks the rise will be 25 basis points by June
2015. The FOMC said More…
Bond trading guru Bill Gross has said he
was fired from PacificInvestment Management Co.,
the first time he’s publicly confirmed that he was
dismissed from the firm he co-founded in 1971,
Bloomberg said. Gross, More…
After his unexpected departure from Pimco
for Janus Capital, “Bond king” Bill Gross made
his virgin voyage at Janus’ Unconstrained Bond
Fund a bit easier by bringing in $700 million
from More…
