As a portion of Pimco investors continue to flee the fund, with reports of financial advisors not even listening to pleas to stay with fund from their salespeople, Morningstar cut their fund rating – and Pimco deleted the previous six months of Bill Gross tweets. Bonds weaken as Bill Gross quits from PIMCO The Financial Times Tracy Alloway and Michael Mackenzie noticed other impact from Gross and his abrupt exit from the firm he founded. Inflation-linked bonds and higher risk junk paper have “weakened noticeably.” “Despite global conflict the only thing that has impacted fixed income markets is this,” a…
Pimco Scrambles To Keep Customers, Ratings; Deletes Bill Gross' Tweets
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.