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Does it ever seem that the financial services world is one big insiders game, even when it comes to regulatory activity? Here's how Business Week puts it: "Some of the finance outfits being tapped by... Read more...
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...
The big bailout will likely mean big bucks to a few lucky asset managers, all of whom are jockeying for their piece of the pie. The $700 billion bailout is looking more and more like a gravy train.... 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...
According to the Financial News Online write-down-o-meter, banks collectively wrote off $205 billion as of June. Since then, the total has marched higher. Is that number set to explode to even higher... Read more...
It's not paranoia if they're really after you. And so it goes on Wall Street. Financial institutions have announced some 65,000 layoffs since summer, and people are understandably nervous. The New... Read more...
Pimco is making it known on Wall Street that it is hiring. It has apparently approached between five and 10 top banks, presumably via HR, and asked them to inform pink-slipped employees of openings... Read more...
These are eye-popping numbers. Retail investors are fleeing equity funds en masse. Even the likes of American Funds and Vanguard saw their assets drop 6.6 percent and 4.3 percent respectively,... Read more...