pimco

PIMCO's Bill Gross, the manager of the world's biggest bond fund, has cut his stake in US Treasuries by 12%, ahead of a crucial meeting by the Fed later when it may announce further quantitative easing.

PIMCO's Bill Gross has said the Federal Reserve and other central banks are to blame for "the current shipwreck" that is the global economy.

PIMCO's Bill Gross said the US economy needs to grow by 3% and upwards for several quarters in order to avoid another round of QE.

PIMCO's Bill Gross has questioned the long term inflation-adjusted returns of equities and argues the "cult of equity is dying" to be replaced by the "cult of inflation".

WEALTH MANAGERS

PIMCO's Bill Gross has predicted the US is poised to fall back into recession amid a climb in unemployment and tough times for corporates.

PIMCO CEO Mohamed El-Erian has dismissed reports tipping him to become the next prime minister of Egypt.

PIMCO's Bill Gross has said US debt to GDP could accelerate towards 800% over the next five years if all actual liabilities are taken into account.

PIMCO's Bill Gross is wary of German bunds, saying there are few scenarios which they can do well and eurozone turmoil is hurting German balance sheets every day.

PIMCO's Bill Gross has told investors they will find it difficult to repeat the performance of the past 30 years, comparing Wall Street to a food chain and Europe to a "tumour".