pimco

PIMCO chief executive Bill Gross has increased exposure to mortgage-backed securities (MBS), widely blamed for the collapse of the US financial system in 2008 and the cause of the credit crunch, on his $242bn Total Return fund.

PIMCO has launched a Global Multi-Asset fund for chief executive Mohamed El-Erian.

Two of the largest investors in emerging market debt have denied a liquidity crisis is on the horizon despite major outflows and a sell-off in recent weeks.

Neel Kashkari has become head of global equities at PIMCO, while the firm has also strengthened its equity team with two hires from Thornburg Investment Management.

PIMCO's Bill Gross, manager of the world's largest bond fund, has called on George Osborne to revise his austerity measures to stop the UK falling into recession.

PIMCO bond fund manager Bill Gross has acknowledged he made a mistake in betting so heavily against US government bonds earlier this year.

Bill Gross, Bill Miller and Warren Buffett have clashed over Standard & Poor's downgrade of the US' credit rating.

Recent events in the US have caused another headlong surge into UK gilts for their supposed safe haven status, driving yields down to fresh lows.

PIMCO's sterling portfolio head Mike Amey believes the 30-year bull market in UK gilts is dead and has shifted his focus towards emerging market currencies.

PIMCO has launched a credit fund aimed at investors concerned about rising interest rates.