The former manager of the worlds largest bond fund says the Fed needs to see a nominal growth rate of 4 percent to 5 percent before raising interest rates.
Clients added a net $87.8 billion in investor money, more than triple what it gathered in the prior three months and the highest amount ever raised in a quarter.
The majority of money gathered by Grosss new fund at Janus Capital Group Inc. came from the same Morgan Stanley brokerage where his personal financial adviser works.
The figures provide a rare glimpse of how some executives were paid at Pimco, even as performance at the firms main fund stumbled and clients started to pull out.
Chief Executive Officer Richard M. Weil has raised the firms profile in the past month, hiring Pimoc co-founder Gross and agreeing to buy VelocityShares to expand in exchange-traded products.
Ford is among large investors moving money from Pimco after his Sept. 26 exit, with clients rattled by the change pulling a record $23.5 billion in September from the Total Return Fund.
DebugScreen: mobile
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"author": {
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"articles": [
{
"uri": "/2015/04/21/blackrock-agrees-to-pay-12-million-over-sec-claim/",
"title": "BlackRock agrees to pay $12 million over SEC claim",
"byline": "Matt Robinson, Mary Childs",
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"prettyDate": "April 21, 2015",
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"authors": [
{
"webUrl": "/author/profile/matt-robinson-mary-childs/",
"name": "Matt Robinson, Mary Childs"
}
],
"kickerNode": [],
"summary": "BlackRock Inc. agreed to pay $12 million to settle regulatory claims that it failed to disclose a conflict of interest of a top portfolio manager.",
"body": null
},
{
"uri": "/2015/02/06/bill-gross-says-fed-must-be-very-careful-in-raisin/",
"title": "Bill Gross says Fed must be ‘very careful’ in raising rates",
"byline": " Mary Childs, Bloomberg ",
"kicker": "",
"prettyDate": "February 06, 2015",
"timeToRead": "2 minute",
"image": {
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},
"authors": [
{
"webUrl": "/author/profile/mary-childs-bloomberg/",
"name": "Mary Childs, Bloomberg"
}
],
"kickerNode": [],
"summary": "The former manager of the worlds largest bond fund says the Fed needs to see a nominal growth rate of 4 percent to 5 percent before raising interest rates.",
"body": null
},
{
"uri": "/2015/01/15/blackrock-attracts-record-new-money/",
"title": "BlackRock attracts record new money",
"byline": "Mary Childs, Bloomberg",
"kicker": "",
"prettyDate": "January 15, 2015",
"timeToRead": "3 minute",
"image": {
"uri": "",
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},
"authors": [
{
"webUrl": "/author/profile/mary-childs-bloomberg/",
"name": "Mary Childs, Bloomberg"
}
],
"kickerNode": [],
"summary": "Clients added a net $87.8 billion in investor money, more than triple what it gathered in the prior three months and the highest amount ever raised in a quarter.",
"body": null
},
{
"uri": "/2015/01/12/gross-says-pimco-fired-him/",
"title": "Gross says Pimco fired him",
"byline": "Mary Childs, Bloomberg",
"kicker": "",
"prettyDate": "January 12, 2015",
"timeToRead": "4 minute",
"image": {
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},
"authors": [
{
"webUrl": "/author/profile/mary-childs-bloomberg/",
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}
],
"kickerNode": [],
"summary": "It's the first time hes publicly confirmed that he was dismissed from the firm he co-founded in 1971.",
"body": null
},
{
"uri": "/2015/01/08/grosss-new-janus-fund-got-700m-from-advisers-broke/",
"title": "Gross’s new Janus fund got $700M from adviser’s brokerage",
"byline": " Mary Childs, Bloomberg ",
"kicker": "",
"prettyDate": "January 08, 2015",
"timeToRead": "4 minute",
"image": {
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},
"authors": [
{
"webUrl": "/author/profile/mary-childs-bloomberg/",
"name": "Mary Childs, Bloomberg"
}
],
"kickerNode": [],
"summary": "The majority of money gathered by Grosss new fund at Janus Capital Group Inc. came from the same Morgan Stanley brokerage where his personal financial adviser works.",
"body": null
},
{
"uri": "/2014/11/14/gross-paid-290-million-bonus-as-fund-trailed/",
"title": "Gross paid $290 million bonus as fund trailed",
"byline": "Mary Childs, Bloomberg",
"kicker": "",
"prettyDate": "November 14, 2014",
"timeToRead": "6 minute",
"image": {
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},
"authors": [
{
"webUrl": "/author/profile/mary-childs-bloomberg/",
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}
],
"kickerNode": [],
"summary": "The figures provide a rare glimpse of how some executives were paid at Pimco, even as performance at the firms main fund stumbled and clients started to pull out.",
"body": null
},
{
"uri": "/2014/11/10/sec-backs-first-non-transparent-etf/",
"title": "SEC backs first non-transparent ETF",
"byline": "Mary Childs, Bloomberg",
"kicker": "",
"prettyDate": "November 10, 2014",
"timeToRead": "2 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/mary-childs-bloomberg/",
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}
],
"kickerNode": [],
"summary": "Eaton Vance Corp. has won the backing of regulators for a new type of exchange-traded fund that wont disclose holdings daily.",
"body": null
},
{
"uri": "/2014/11/05/gross-exit-spurs-withdrawal-of-27-5-billion-from-p/",
"title": "Gross exit spurs withdrawal of $27.5 billion from Pimco fund",
"byline": " Mary Childs, Bloomberg ",
"kicker": "",
"prettyDate": "November 05, 2014",
"timeToRead": "4 minute",
"image": {
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},
"authors": [
{
"webUrl": "/author/profile/mary-childs-bloomberg/",
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}
],
"kickerNode": [],
"summary": "Investors are reviewing their allocations, moving money to competitors such as Vanguard Group Inc. and DoubleLine Capital LP.",
"body": null
},
{
"uri": "/2014/10/23/janus-3q-profit-rises-25-as-gross-joins-the-firm/",
"title": "Janus 3Q profit rises 25% as Gross joins the firm",
"byline": "Mary Childs, Bloomberg",
"kicker": "",
"prettyDate": "October 23, 2014",
"timeToRead": "3 minute",
"image": {
"uri": "",
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},
"authors": [
{
"webUrl": "/author/profile/mary-childs-bloomberg/",
"name": "Mary Childs, Bloomberg"
}
],
"kickerNode": [],
"summary": "Chief Executive Officer Richard M. Weil has raised the firms profile in the past month, hiring Pimoc co-founder Gross and agreeing to buy VelocityShares to expand in exchange-traded products.",
"body": null
},
{
"uri": "/2014/10/23/ford-to-maintain-pimco-relationships-after-cutting/",
"title": "Ford to maintain Pimco relationships after cutting Total Return",
"byline": " Mary Childs, Bloomberg ",
"kicker": "",
"prettyDate": "October 23, 2014",
"timeToRead": "2 minute",
"image": {
"uri": "",
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},
"authors": [
{
"webUrl": "/author/profile/mary-childs-bloomberg/",
"name": "Mary Childs, Bloomberg"
}
],
"kickerNode": [],
"summary": "Ford is among large investors moving money from Pimco after his Sept. 26 exit, with clients rattled by the change pulling a record $23.5 billion in September from the Total Return Fund.",
"body": null
}
]
}
}