Pacific Investment Management Co., the manager of the world’s largest bond fund, plans to launch a fund worth at least $1 billion to buy distressed loans from banks.
The fund will buy up past-due debt including commercial and residential mortgage loan…
The “new normal” coined by Pimco posits a long era of diminished earnings and stock prices as overleveraged consumers and companies cut back. But it’s not playing out that way. It seems Corporate America is growing less and les…
Despite the pessimistic taking hold, a growing roster of high-profile money managers are balking at at this theme, arguing that it’s wrong-headed and self-defeating. Plus, good money can still be made in the markets.
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How can investors earn double-digit returns? According to bond guru Bill Gross, they probably can’t: “A future of low investment returns, and a heap of trouble for those expecting more, is what lies ahead,” Gross warns in his l…