Posts Tagged ‘PIMCO’

Bubble Fears Shape Search for Yield

October 8, 2012

Chidem Kurdas

Facing record low rates and high prices – two sides of the bond quandary – investors (more…)

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Absolute Return Bond MF Beats HFs

September 15, 2011

Chidem Kurdas

This July American Beacon launched its Flexible Bond Fund, joining the small but growing group of absolute return-targeting mutual funds. An investor could consider this vehicle as an alternative to fixed income hedge funds. It goes long/short and uses derivatives. The managers are Brandywine Global Investment Management, GAM International and PIMCO. (more…)

Fast Moving Risk Appetite Challenges Quants

September 1, 2011

Chidem Kurdas

As markets take hairpin turns, being prepared for the worst has itself become risky.  (more…)

Bond Funds Face Competition

May 13, 2011

Chidem Kurdas

Fixed income was one of the two hedge fund categories investors favored in March, according to BarclayHedge’s asset inflow data. But bond hedge funds are not the only vehicles investors use to get debt exposure.  PIMCO, the giant asset manager led by Bill Gross, is among those offering a variety of fixed income strategies similar to those used by hedgies.  Competition also comes from emerging markets managers that invest in debt. (more…)

Question for Bill Gross

March 10, 2011

Chidem Kurdas

If PIMCO Total Return Fund, in which I’m an investor, were a hedge fund, I would call the manager to ask about a topic that’s on my mind. But Total Return is a mutual fund and as a little denizen of the mutual fund world, I don’t think I’ll get Bill Gross on the phone. Hedge funds cater to clients in a way mutual funds don’t. Of course, hedge fund clients are large investors and there are relatively few of them.

Anyway, my question arose from looking at the most recent data on debt and realizing how drastically Mr. Gross has cut Total Return Fund’s holdings of US government paper, which accounted for nearly one-fourth of the fund only a few months ago.   (more…)