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One of the biggest winners in the credit mess has been Bill Gross, the co-chief investment officer at PIMCO. He famously went long on agency bonds and Read more...
It's been a good year for Pimco. On a relative basis, one could say it's been a great year for the fund giant. The Financial Times notes PIMCO is the only firm among the 25 largest fund groups that... Read more...
Wow! To think that just a month or so ago, people were saying that the worst of the credit crunch had passed. That line of thinking clearly was way too premature. Not only did the Bush Administration... Read more...
The abuse of risk strikes many as a leading cause of the credit meltdown. But now, as the New York Times notes, the discomfort with risk and the need for "absolute safety" may be prolonging the... Read more...