David Sirota at International Business Times and Chief Investment Officer magazine are reporting that Robert Grady resigned today at a meeting of the New Jersey State Investment Council. CIO Magazine reports "several sources" citing a serious illness in his family as the reason. Show More Summary
My afternoon train reads: • Flash Boys Raise Volatility in Wild New Treasury Market (Bloomberg) • Is the Pursuit of Alpha Sabotaging Investment Success? (Chief Investment Officer) • Bubble Behavior? (Alhambra Investment Partners) • Richest...Show More Summary
In this week’s “Masters in Business” podcast, I speak with Jack Rivkin, former head of research at Lehman Brothers, former chief investment officer at Neuberger Berman and now CIO at Altegris. Rivkin tells the story of joining Lehman Brothers when its equity research department was ranked dead-last in the institutional investor rankings. Within three years, he took...Read More
Citibank's chief innovation officer Deborah Hopkins recently sat down with Bloomberg TV's Emily Chang to discuss Citi's investment in mobile payment options like Square and Apple Pay. The Apple Pay portion of the interview begins at 1:54 seconds in...
AT&T Inc will stop investing in new high-speed Internet connections in 100 U.S. cities until regulators decide whether to enact tough “net neutrality” rules proposed by President Obama, Chief Executive Officer Randall Stephenson said on Wednesday. The investment pause is the most...
PIMCO just created a 225 million euro ($279 mn) bonus to compensate top talent and reassure employees after co-founder and chief investment officer Bill Gross unexpectedly quit in September. The "Special Performance Award," outlinedShow More Summary
Where ever did this week go? It went by fast — unless you own a lot of gold — than it was a painfully slow week! Oh, and morning train reads: • Endowments Turn Skeptical Eye on Private Equity (Chief Investment Officer) • The Advantage of Owning Gold Over U.S. Stocks Since 2008 Has Vanished...Read More
FRANKFURT (Reuters) - Deutsche Bank will name Marcus Schenck, former finance chief at energy firm E.ON and now investment banker at Goldman Sachs, as chief financial officer, replacing Stefan Krause, according to a report in the online edition of Manager Magazin. Show More Summary
By Franklin Templeton Investments: Michael Hasenstab, Ph.D. Executive Vice President, Chief Investment Officer, Global Bonds Portfolio Manager, Templeton Global Total Return Fund Franklin Templeton Fixed Income Group® Interest ratesShow More Summary
Bill Gross, founder of Pimco, and its chief investment officer for the past 40 or so years, resigned last week. Rumor has it that he was but two steps ahead of a mutinous gang, swords out, planning to make him walk the plank. Gross was too quick and before the mutineers could force him, he...Read More
“We are in a new period of volatility and it's been developing for the last two or three months,” David Kotok, chairman and chief investment officer of investment advisory firm Cumberland Advisors told the Global Markets Forum on Wednesday. Show More Summary
SHI is ready to invest around $950 million in the overseas shipbuilding facility by 2017, according to SHI’s Chief Financial Officer Chun Tae Heung. Tankers, bulk
NEW YORK (Reuters) - Pimco intends to expand its equities business and there will be no difference in the firm's portfolio management following the departure of former Chief Investment Officer Bill Gross, two top Pimco executives said on Tuesday. Show More Summary
It's already begun. Investors are yanking cash out of PIMCO after the shock departure of Chief Investment Officer Bill Gross, who left on Friday to go to Janus. Gregory Zuckerman at WSJ reports: Pacific Investment Management Co. suffered...Show More Summary
In a move that stunned Wall Street, bond guru Bill Gross is joining Janus Capital Group, effective Sept. 29, the company announced Friday. Gross is leaving as chief investment officer of Pimco, the company he founded, after a remarkable 43-year tenure. Show More Summary
(Reuters) - Pimco's Deputy Chief Investment Officer Daniel Ivascyn is expected to succeed Bill Gross as the new chief investment officer of the giant bond fund, after Gross' departure, a source familiar with the situation said. An announcement is expected later on Friday. (Reporting By Paritosh Bansal; Editing by Chizu Nomiyama) Join the conversation about this story »
Having held positions at PIMCO since 1998, Deputy Chief Investment Officer Daniel "Dan" Ivascyn is said to be the likley successor to Bill Gross, according to Bloomberg. Ivascyn's Career: His current managed funds... and his $13mm holdings...
CNBC's David Faber is reporting that PIMCO was going to fire Chief Investment Officer Bill Gross tomorrow due to "increasing erratic behavior." According to Faber's sources, Gross made his move first. Gross announced this morning that he's leaving the firm he founded effective immediately. Show More Summary
Of the many profession that seems to be disproportionately white, I cannot help but note that Finance is amongst the whitest: More after the jump Source: Chief Investment Officer
Your evening reading: India has rewarded investors handsomely this year, but the subcontinent’s ETFs may be overbought. Olly Ludwig, ETF.com. CalPERS appointed interim Chief Investment Officer Ted Eliopoulos to the position full time. Show More Summary