Walter Gerken, the former insurance executive who helped build Pacific Investment Management Co., which went on to oversee the world’s biggest bond fund, has died. He was 93.
Bill Gross sued Pacific Investment Management Co. and parent Allianz SE for “hundreds of millions of dollars,” claiming he was wrongfully pushed out as the bond giant’s CIO.
Oil countries that in boom times flaunted their wealth internationally, investing in everything from foreign hotels to soccer clubs, may now have to bring some money home, and investors the world...
The wealthiest college endowments in the U.S. are again attracting the interest of Congress as tuition costs rise and the funds’ coffers grow to record highs unhindered by taxes.
The wildfires that raged across Northern California last month will cost insurers more than $1.1 billion, according to catastrophe modeler Impact Forecasting.
