Published On: Mon, Aug 17th, 2015

Bill Gross Warning Doesn’t Deter Pimco’s Bet on Canada Inflation

 

Bill Gross GETTY

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.

 

Read the full story at Bloomberg by Ari Altstedter

 

Bill Gross

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…

Bill Gross janus

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…

Bill Gross janus

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…

Pimco founder Bill Gross

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…

Bill Gross

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…

Bill Gross

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…

Bill Gross

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

More…

Bill Gross GETTY

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…

Pimco founder Bill Gross

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…

Pimco founder Bill Gross

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…

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