Bill Gross said a widening gap between U.S. and German bond yields hurt his fund.
Bill Gross had his worst day in almost four years yesterday. For other bond managers, it was more like Christmas in May...
Those dismissed took advantage of a computer purchase program.
“We turned maximum bearish on 10-year yields and bonds generally July 6, 2016,” he told investors.
His firm is out with its latest seven-year outlook and it doesn’t make for happy reading.
Calvert's CEO conceded that school shootings have increased despite the gun company divestments.
Shareholders in some value funds might be surprised to find they hold Apple, Google and Netflix.
CEO Abigail Johnson now has an estimated net worth of $11.2 billion.
Operating income surged 54% last year even as investors pulled money from its active stock funds.
The fund company's chief economist said stronger growth and rising wages may have caught the market off guard.
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