What’s Up with That?!?!
Last week, there were at least three announcements that made me scratch my head and think “are you serious?” Apple spent $3 billion to buy Beats, a headphone maker which sells inferior products as my experts tell me. Good job Beats! Steve Ballmer paid $2 billion for the embattled L.A. Clippers. My best friend whose group recently purchased the Milwaukee Bucks for a record $550 million also bid on the Clippers and valued the franchise at well under $1 billion. […]
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Date: June 10, 2014
The Story that Never Ends
Almost two weeks ago, I published this piece about PIMCO and Bill Gross. Since then, many news outlets continued reporting about the major problems inside PIMCO and the challenges Bill Gross faces. Thanks for the various quotes. PIMCO’s Got Bigger Problems than the Tabloid Drama We’ve Been Reading about Lately Some Still Wary on Gross’ Shakeup at PIMCO More Troubles for PIMCO in Wake of El-Erian Exit Advisers Ratchet up Scrutiny of PIMCO
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Date: March 28, 2014
The Fall of the House of PIMCO… The Bill Gross Saga
Overview of PIMCO Over the years, Pacific Investment Management Company or PIMCO has been the global leader in fixed income or bond management. Their Total Return Bond Fund was the largest mutual fund in the world with roughly a quarter of a trillion dollars until ceding to Vanguard late last year. It was the standard by which competitors were judged and dominated the 401K market. Although now owned by giant insurer Allianz, PIMCO has essentially been an autonomous unit since […]
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Date: March 16, 2014
