BROWSE BY TOPIC
Stories of Interest
- Banca IMI Securities to Pay $35Mn for Improper Handling of ADRs in Continuing SEC Crackdown
- Members of White House ‘Arts Panel’ Resign En Masse in Protest of Trump
- FINRA Whiffs on Disciplinary Sanction: Bill Singer's 'Negligent Market Manipulation in OTC Stock Promotion'
- Heather Heyer’s Mother Says, ‘I’m Not Talking to the President’
- Goldman Sachs May Have Lost $100Mn on Energy Bet Gone Wrong
- SEC Drops Case Against Ex-JPMorgan Traders Over 'London Whale'
- Financial Advisers That Invest in Technology Need to Accomplish These Two Things
- FINRA Amends Codes Regarding Expedited Arbitrator List Selection
- FINRA July 2017 Quarterly Disciplinary Review (Podcast)
- Senior Exec in Citigroup's Equities Unit Has Left
- Prudential Plotting its Escape From Fed's Tough Oversight
- Why CEOs Spurned Trump's Business Councils, in Their Own Words
- A Stockbroker, Her LLC, and Her Customers' Loans (Or Investment?) - Bill Singer
- Brian Quintenz Sworn In as CFTC Commissioner
- A Gary Cohn Resignation Would 'Crash the Markets' – Mgmt Guru Jeffrey Sonnenfeld
- Trading Firm DRW to Buy RGM Advisors - As Low Volatility Forces Out Weak HFT Players (subsc reqd)
- Reputational Damage - Rajat Gupta on Hard Road to Recovery
- 7th Circuit Affirms Spoofing Conviction - Bill Singer
- Wells Fargo Announces Board Changes
- Judge Rules Against Ex-Goldman Employee in Fed Leak Case
We seek to provide information, insights and direction that may enable the Financial Community to effectively and efficiently operate in a regulatory risk-free environment by curating content from all over the web.
Stay Informed with the latest fanancialish news.
NEWSLETTERS & ALERTS
Bill Gross's Successor at Pimco Reaching Superstar Status
[Photo: Dan Ivascyn discusses sustaining income in challenging markets; on YouTube]
When Bill Gross, the most powerful name in bonds, announced in 2014 that he was leaving Pacific Investment Management Co. (Pimco), the firm he co-founded, Wall Street took a collective breath and fretted about the future of the giant fixed income management company. It’s time to breath normally again – except for several collective gasps at the outstanding numbers that the Pimco Income Fund has been posting.
Bill Gross’s former fund, now run by Pimco CIO Dan Ivascyn, 45, has been posting tremendous returns -like 10.6% for 2016. Demand for is so great for this fund that it’s assets under management (AUM) is over $75 billion – a figure that exceeds the holdings when Bill Gross managed the fund.
Dan Ivascyn’s performance should not necessarily come as a surprise. After all, back in 2014 when he took over for Gross, Ivascyn was described by BusinessInsider as … “ a 45-year-old star fund manager who has been described by colleagues as a "beast." And, in 2013, he was named Fixed-Income Fund Manager of the Year by Morningstar.
Ivascyn has been with PIMCO since 1998. Before that, he worked at Bear Stearns in asset-backed securities. He’s also had stints at T. Rowe Price and Fidelity.
[Click link below for more on Mr. Ivascyn, his fund’s successes, and risks that lie ahead.]
[For video commentaries from Mr. Ivascyn, click here: Pimco Blog]