pimco

Bill Gross, manager of the world’s largest bond fund for Pimco, has admitted that it was a mistake to bet so heavily against the price of US government debt. more...

A plan of "overwhelming force to let the markets know that once and for all you’re putting out the fire" in Europe, should start with letting Greece, Portugal and Ireland default, Neel Kashkari told CNBC Monday. more...

German insurer Allianz, owner of the world's largest bond investor Pimco, favors private investors writing off 25-30 percent of Greece's debt, company managers were on Monday quoted as saying. more...

The end of the second round of quantitative easing in the US has been likened to a department store's biggest customer leaving the store by Tony Crescenzi, a strategist at Pimco. more...

Housing, credit, public finances, and the labor areas of the economy are currently impaired and until the country gets over those structural impairments, economic growth will be tough for a while, says Mohamed El-Erian, Pimco CEO/Co-CIO, who also mentions that Washington needs a growth strategy...