pimco

Giant bond fund PIMCO warned Europe has not got its debt crisis under control and will soon face a "second Greece" in Portugal.

PIMCO's chief executive Mohamed El-Erian described Chancellor Merkel's decision to insist on fiscal reform as a ‘burden' to an already challenged political construct that is trying to restore order.

PIMCO's Bill Gross has criticised the decision that Greece's debt restructuring should not spark a payout on credit default swaps.

PIMCO's Bill Gross is moving from the offensive to the defensive as he calls time on the ‘total return' strategy he has pursued over the past three decades.

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ASHBY'S ANSWERS

PIMCO's Bill Gross has warned as US interest rates head towards zero, they could be a regressive influence on the economy and may kill rather than create credit.

BlackRock's Bob Doll has shot down the prospect of a further round of stimulus in the US, challenging expectations from leading bond investor Bill Gross at PIMCO.

PIMCO, the world's largest bond fund manager, is telling its clients to diversify out of euros and into EM currencies, according to Reuters.

PIMCO chief executive Mohamed El-Erian has said Greek debtholders need to take a greater haircut than planned in order to make the country's economy sustainable over the medium term.